Arizona License LawIntermediateArizona Exam

A real estate licensee in Arizona is found guilty of making a material misrepresentation to a client. Which ADRE action is most likely?

AMandatory enrollment in an ethics course with no other penalties

BA letter of concern with no further action

CSuspension or revocation of the license, and possible civil penaltiesCorrect

DAutomatic loss of license with no opportunity for hearing

Why Suspension or revocation of the license, and possible civil penalties Is Correct

Answer C: Suspension or revocation of the license, and possible civil penalties

Material misrepresentation is a serious violation. ADRE can suspend or revoke a license and impose civil penalties.

A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.

A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.

A contractual right giving a party the opportunity to match any offer received before the owner can accept it from a third party.

DRE Regulation

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