Arizona Real Estate Salesperson Exam — All Questions

Under Arizona law, a salesperson who negotiates a listing or sale must ensure that any commission earned is:

• a.Paid directly to the salesperson by the buyer
• b.Split with the client at closing
• c.Paid only through the salesperson's employing broker✓
• d.Deposited into the salesperson's personal account

Arizona law requires that a salesperson be compensated only through their employing (designated) broker, never directly from a buyer, seller, or another brokerage. This keeps the broker responsible for supervising the licensee and accounting for funds. A salesperson accepting a commission directly would violate license law.

In Arizona, how long must a broker generally retain transaction records and documents related to a real estate deal?

• a.One year
• b.Five years✓
• c.Ninety days
• d.Ten years

Arizona brokers are required to keep transaction files and related records for five years from the date of the transaction or termination, so the ADRE can inspect them during audits or investigations. Shorter periods such as 90 days or one year would not satisfy this recordkeeping duty.