An Arizona salesperson must be supervised by:

Supervision by 'any licensed person' is incorrect because Arizona law specifically requires supervision by a designated broker — not just any licensee. A fellow salesperson, even a senior one, cannot legally supervise another salesperson, as only a designated broker holds that supervisory authority.

The ADRE is a regulatory agency that oversees licensing and compliance but does not directly supervise individual salespersons in their day-to-day real estate activities; the ADRE's role is oversight of the profession as a whole, not hands-on supervision of individual transactions.

Stating that no supervision is required is entirely false under Arizona law; operating without designated broker supervision is a serious licensing violation, and salespersons who conduct real estate activities without broker affiliation risk immediate disciplinary action by the ADRE.