Arizona License LawIntermediateArizona Exam
Which of the following individuals is EXEMPT from Arizona real estate licensing requirements?
AA property manager who negotiates leases for a fee
BAn attorney-in-fact acting under a specific power of attorney for a property saleCorrect
CA person who sells homes for a builder on a salary plus commission basis
DA licensed contractor who negotiates real estate transactions as a side business
Why An attorney-in-fact acting under a specific power of attorney for a property sale Is Correct
Answer B: An attorney-in-fact acting under a specific power of attorney for a property sale
An attorney-in-fact acting under a specific, duly executed power of attorney for a single transaction is exempt from Arizona licensing requirements. Builders' agents selling the builder's own property for commission typically need a license.
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