Arizona Real Estate Salesperson Exam — All Questions
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In Arizona, before a licensee begins representing a party in a transaction, the licensee must provide the consumer with the:
- a.Public Report
- b.Affidavit of Disclosure
- c.HUD-1 settlement statement
- d.Real Estate Agency Disclosure and Election form✓
Arizona requires licensees to give consumers a written agency disclosure explaining representation options so the consumer can make an informed election about who represents them. The Public Report concerns subdivided land, the Affidavit of Disclosure covers certain rural parcels, and settlement statements are provided at closing, not at the start of representation.
An Arizona broker represents both the buyer and the seller in the same transaction. This limited dual representation is permitted only when the broker:
- a.Obtains the informed written consent of both parties✓
- b.Notifies only the seller since the seller pays the commission
- c.Keeps the arrangement confidential from both parties
- d.Represents the buyer's interests above the seller's
Arizona allows limited dual (or designated) representation only with the informed written consent of both the buyer and the seller. A dual agent must remain neutral and cannot advocate for one party over the other or hide the conflict, since both principals are owed honesty and fair dealing.