Arizona License LawIntermediateArizona Exam
An Arizona real estate brokerage that wants to offer property management services must ensure that its:
AAgents are separately certified in property management by NAR
BDesignated broker or an associate broker supervises property management activities and holds the required licensesCorrect
CProperty management is handled by a separate corporate entity
DClients sign a special ADRE-approved property management disclosure form
Why Designated broker or an associate broker supervises property management activities and holds the required licenses Is Correct
Answer B: Designated broker or an associate broker supervises property management activities and holds the required licenses
Property management activities (for compensation) in Arizona require a real estate license, and the designated broker (or associate broker) must supervise these activities as part of the brokerage's overall licensed operations.
Key Arizona License Law Terms in This Question
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Key Terms to Know
State-Specific Concepts
Disclosure RequirementsBroker SupervisionDRE Regulation
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