A sponsorship reviewer handling an Arizona state-law refresher needs the compliant answer for continuing education and renewal. What should the reviewer choose?
Correct Answer
C) Arizona CE requires 8 approved units before renewal, including 3 federal law, 2 ethics, 2 nontraditional mortgage product, and 1 Arizona law hour.
Arizona CE requires 8 approved units before renewal, including 3 federal law, 2 ethics, 2 nontraditional mortgage product, and 1 Arizona law hour. Arizona CE before renewal requires 8 approved continuing education units, including 3 hours federal law, 2 hours ethics, 2 hours nontraditional mortgage products, and 1 hour Arizona law.
Why This Is the Correct Answer
Arizona CE requires 8 approved units before renewal, including 3 federal law, 2 ethics, 2 nontraditional mortgage product, and 1 Arizona law hour. Arizona CE before renewal requires 8 approved continuing education units, including 3 hours federal law, 2 hours ethics, 2 hours nontraditional mortgage products, and 1 hour Arizona law.
Why the Other Options Are Wrong
Option A: Use an informal manager exception without updating the license, file, or required record.
Use an informal manager exception without updating the license, file, or required record. is not correct because the governing rule requires the compliant answer shown in the explanation.
Option B: Use a verbal explanation instead of the required license status, disclosure, record, or filing.
Use a verbal explanation instead of the required license status, disclosure, record, or filing. is not correct because the governing rule requires the compliant answer shown in the explanation.
Option D: Use a record-retention audit exception instead of satisfying the rule before activity continues.
Use a record-retention audit exception instead of satisfying the rule before activity continues. is not correct because the governing rule requires the compliant answer shown in the explanation.
Memory Technique
AZ -> az-application-education-testing-and-renewal
Exam Tip
Arizona CE is 8 total with 1 Arizona law hour.
Common Mistakes to Avoid
- -Using a national baseline answer when Arizona has a state-specific rule
- -Confusing NMLS registration, Arizona licensure, and employer authority
- -Treating an exemption, temporary license, or bond rule as broader than written
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