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At a brokerage meeting in Goodyear, chloe received an original salesperson license in Arizona and asks how long that license period lasts before renewal is due. Which statement should the broker communicate?

Correct Answer

B) an original Arizona salesperson license is issued for a two-year term

Under ADRE Licensing page, an original Arizona salesperson license is issued for a two-year term.

Answer Options
A
an original Arizona salesperson license lasts indefinitely until cancelled
B
an original Arizona salesperson license is issued for a two-year term
C
salesperson licenses expire every quarter
D
an original Arizona salesperson license lasts for three years

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Related Topics & Key Terms

Key Terms:

arizona_specificrenewaltwo_year_termce_and_renewaladre_commissioner_and_licensing

Related Concepts

License requirements are the mandatory qualifications—including pre-licensing education, examination, and background checks—that a person must satisfy before legally practicing real estate. These requirements are established and enforced by each state's real estate commission.

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.

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