GENERAL INFORMATION AND ADVERTISING

Which of the following statements is TRUE? A. A buyer's agent may offer unlicensed buyer-clients a premium such as a big screen TV if they purchase a home B. To encourage sellers to list with him, a licensee may give potential sellers an opportunity to win a cruise in an annual drawing C. A broker may give an Amazon gift card to unlicensed former clients who refer friends to the broker D. A subdivision developer may conduct a lottery to solicit potential buyers without obtaining permission from ADRE

A. A buyer's agent may offer unlicensed buyer-clients a premium such as a big screen TV if they purchase a home

Per Arizona's Commissioner's Rules, a broker is required to give copies of all documents to which of the following parties? A. All parties associated with the transaction B. All service providers C. Lenders D. Only those who request them

A. All parties associated with the transaction

What must appear on a real estate for sale sign? A. Company name B. Company name and phone number C. Company name, phone number, and address D. Agent's name and phone number

A. Company name

How many real estate brokers may a licensee work for at the same time in Arizona? A. One at a time B. Two, with Department approval C. Two, if he declares he is inactive D. Two, if one is a property manager

A. One at a time

A licensee buys a domain name for a website to advertise their real estate listings. It must be approved by the: A. broker B. Arizona Department of Real Estate C. Real Estate Commissioner D. corporation commission

A. broker

The Real Estate Commissioner's Rules: A. have the force and effect of the law on licensees B. are enacted by legislation C. are part of the Arizona Revised Statutes D. are part of statutory real estate law

A. have the force and effect of the law on licensees

A licensee may place a "for sale" or "for rent" sign on a property provided he or she has: A. written permission from the property owner B. written approval from the listing broker C. oral approval from the property occupant D. oral approval from the property owner and the sign meets local zoning codes

A. written permission from the property owner

Which of the following advertising situations violates Arizona Commissioner's Rules? A. A licensee lists the brokerage firm in a Facebook post B. A broker excludes the company name but includes the company phone number C. The broker's website shows the company logo more prominently than the company name D. A broker advertises a property she owns and includes the term "owner-agent"

B. A broker excludes the company name but includes the company phone number

Which of the following would not be considered a misrepresentation in advertising? A. Altering a photo of a property to eliminate negative features surrounding it B. Describing the property in terms that overstated its charm and luxury C. Copying incorrect property information from an expired listing to a new listing of the property D. Indicating the property is zoned for business purposes when it is only partially zoned for business

B. Describing the property in terms that overstated its charm and luxury

According to the Arizona Commissioner's Rules, all are true EXCEPT: A. an ad for another broker's listing must display the listing broker's name B. all ads must include the employing broker's name in some manner C. when a licensee is marketing his own property for sale or lease, the ad must include the words "owner-agent" D. licensees must have an owner's written permission to place a sign on a property

B. all ads must include the employing broker's name in some manner

After the seller has accepted the offer, the salesperson must immediately deliver a copy of the signed agreement to the: A. employing broker B. buyer C. listing broker D. lending institution

B. buyer

If a salesperson creates a new website, it must be approved by the: A. Arizona Department of Real Estate B. designated broker C. Corporation Commission D. REALTOR Association

B. designated broker

When a salesperson advertises on a website, the: A. employing broker's name needs to appear only on the homepage B. employing broker's name must appear on all web pages C. franchise name, if applicable, must appear only on the homepage D. employing broker's name does not need to be advertised

B. employing broker's name must appear on all web pages

If a salesperson is advertising another company's listings on the salesperson's website: A. ADRE requires the salesperson to obtain the listing broker's permission B. the ad must include the listing company's name in a clear and prominent manner C. the salesperson must be a member of the multiple listing service D. the ad does not have to include the name of the salesperson's company

B. the ad must include the listing company's name in a clear and prominent manner

Which of the following statements would relate to a blind ad? A. A brokerage house ad that has no address B. An ad that does not state who the owner is C. An ad that does not indicate it's listed by a brokerage firm D. When a licensee acting as a "For Sale by Owner"fails to list owner/agent in the ad

C. An ad that does not indicate it's listed by a brokerage firm

Which of the following situations requires disclosure of a licensee's compensation to the client? A. A salesperson receives her share of a commission from her broker B. An out-of-state broker is paid a referral fee by an Arizona broker C. An associate broker's commission check is written by the escrow company but given to the licensee's broker for disbursement D. A brokerage company representing a buyer pays a commission directly to the company's licensed salesperson

C. An associate broker's commission check is written by the escrow company but given to the licensee's broker for disbursement

Regarding the size of lettering in the ad, all of the following are true EXCEPT the: A. salesperson's name may be larger than the brokerage name B. company name must be prominent on all advertising C. Commissioner's Rules dictate the specific lettering size for brokerage advertising D. salesperson's and broker's name may be the same size

C. Commissioner's Rules dictate the specific lettering size for brokerage advertising

A salesperson is offering a free gift certificate as part of a marketing plan. According to Commissioner's Rules, which of the following would NOT be required to be disclosed in the ad? A. Date the offer expires B. Terms and conditions C. Name of the specific store D. Specific restrictions

C. Name of the specific store

When advertising via a web page, which of the following is TRUE? A. The broker's name must appear on the home page B. The licensee's name must appear prominently on every page, without the viewer having to scroll down to see it C. The broker's name must appear prominently on every page, without the viewer having to scroll down to see it D. Arizona regulations do not apply if the web page advertising is targeting out-of-state residents

C. The broker's name must appear prominently on every page, without the viewer having to scroll down to see it

A salesperson runs an ad in the local paper promoting a broker's listing. Which of the following is TRUE? A. The salesperson's name must appear B. The designated broker's name must be larger in size than the salesperson's name C. The brokerage name must appear prominently in the ad D. The broker's telephone number must appear in the ad

C. The brokerage name must appear prominently in the ad

A blind ad refers to an ad that: A. provides no price B. provides no address C. gives no indication that the property is listed with a broker D. gives no indication whether the property has or has not been sold

C. gives no indication that the property is listed with a broker

All of the following situations require the use of the term "owner-agent" in ads EXCEPT when: A. the listing agent is a member of the LLC that owns the property B. an owner-licensee's license is on inactive status C. the owner-licensee's license has expired D. a licensee is offering his/her property for rent

C. the owner-licensee's license has expired

If a verbal offer is made by a buyer: A. the listing agent must inform the seller but may not counsel the seller how to respond B. the listing agent may refuse the offer C. the seller should be informed and then instruct the agent how to respond D. the buyer's agent is violating Commissioner's Rules by tendering a verbal offer

C. the seller should be informed and then instruct the agent how to respond

How long does a licensee have to inform the Real Estate Commissioner after being convicted of a felony? A. 3 days B. 5 days C. 7 days D. 1 O days

D. 1 O days

Broker Q receives two bona fide offers. The first offer is from one of her salespeople, and the other offer is from another broker. Which offer should Q present? A. Q's salesperson's offer only B. The cooperating broker's offer only C. The highest offer D. Both offers

D. Both offers

If an associate broker has been authorized to perform designated broker functions and manage transactions in the office, which would be ILLEGAL? A. Reviewing and initialing contracts B. Hiring salespersons C. Severing other associate brokers D. Receiving commissions directly from sellers

D. Receiving commissions directly from sellers

In which situation would a licensee not need to include the wording "owner-agent" in advertising? A. The property is owned by the designated broker but listed by a salesperson B. The property is owned by an associate broker who is offering it for rent without listing it with his company C. A commercial property is owned by a licensed salesperson who lists it with her designated broker D. The property is owned by a licensed salesperson and listed by another company

D. The property is owned by a licensed salesperson and listed by another company

As the salesperson is about to present an offer to the seller, another offer for the same house comes into the office. The agent should submit the: A. offer that would net the seller the most money B. offer with the most commission C. second offer after the first offer has been acted on D. second offer at the same time

D. second offer at the same time