Arizona License LawIntermediateArizona Exam
An Arizona salesperson wants to invest in a property being listed by their brokerage. They must:
AWithdraw entirely from the transaction and refer the seller to a different brokerage to avoid any potential conflict of interest that could result in a license complaint
BDisclose their licensed status and interest to all parties and have the broker also disclose this to the sellerCorrect
CObtain prior written approval from ADRE before completing any purchase of real property listed through the licensee's own brokerage or affiliated entity
DNever invest in or purchase any property that is listed through their brokerage, since Arizona law categorically prohibits licensees from buying properties they represent
Why Disclose their licensed status and interest to all parties and have the broker also disclose this to the seller Is Correct
Answer B: Disclose their licensed status and interest to all parties and have the broker also disclose this to the seller
Arizona law requires licensees who are principals in a transaction to disclose their licensed status in writing. When a licensee buys a brokerage listing, the broker must also disclose the licensee's interest to the seller.
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