Arizona License LawIntermediateArizona Exam
In Arizona, an 'associate broker' is a licensee who:
AHas the same supervisory authority and legal responsibilities as a designated broker, including the ability to hold trust funds and hire and supervise other licensees
BHolds a broker's license but works under the supervision of a designated broker rather than operating an independent brokerageCorrect
CIs currently completing the required education and experience hours to qualify for a broker's license application but has not yet submitted the application to ADRE
DIs a salesperson who has met the minimum experience requirement and is in the 12-month waiting period before becoming eligible to apply for an Arizona broker's license
Why Holds a broker's license but works under the supervision of a designated broker rather than operating an independent brokerage Is Correct
Answer B: Holds a broker's license but works under the supervision of a designated broker rather than operating an independent brokerage
An associate broker in Arizona holds a full broker's license but chooses to work under a designated broker rather than operate their own brokerage. They have greater supervisory authority than salespersons.
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