While reviewing a transaction in Apache County, aDRE concludes an emergency exists and immediately suspends a license to protect the public. What is the most accurate response?
Correct Answer
C) summary suspension is an emergency action, and the affected person must timely request a hearing or the order becomes final
Under A.R.S. § 32-2157, summary suspension is an emergency action, and the affected person must timely request a hearing or the order becomes final.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
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In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
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