Arizona License LawIntermediateArizona Exam
Which of the following best describes the ADRE's role in Arizona real estate?
AIt sets maximum and minimum commission rates for all real estate transactions in Arizona, which licensed brokerages must disclose in their listing agreements
BIt licenses, regulates, and disciplines real estate brokers, salespersons, and developers to protect the publicCorrect
CIt manages all state-owned real property including state trust lands, surplus property, and government office buildings on behalf of the State Land Department
DIt provides below-market mortgage financing to qualified first-time homebuyers through the Arizona Housing Finance Authority's bond-funded loan programs
Why It licenses, regulates, and disciplines real estate brokers, salespersons, and developers to protect the public Is Correct
Answer B: It licenses, regulates, and disciplines real estate brokers, salespersons, and developers to protect the public
The ADRE's primary mission is public protection through licensing, regulation, and discipline of real estate professionals and developers, ensuring licensees meet competency standards and ethical obligations.
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