Arizona License LawIntermediateArizona Exam
In Arizona, a real estate licensee may NOT pay a referral fee to:
AAnother licensed Arizona broker
BA licensed out-of-state broker
CAn unlicensed person who referred a buyerCorrect
DA licensed Arizona salesperson
Why An unlicensed person who referred a buyer Is Correct
Answer C: An unlicensed person who referred a buyer
Arizona law prohibits paying a referral fee, commission, or other compensation to an unlicensed person for referring real estate clients. Compensation can only be paid to licensed persons.
Key Arizona License Law Terms in This Question
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Key Terms to Know
Lien
A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
EasementA non-possessory right to use another person's land for a specific purpose.
Adverse PossessionA doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
Math Concepts
State-Specific Concepts
License Law
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