Arizona License LawIntermediateArizona Exam

The Arizona Department of Real Estate (ADRE) public website provides which of the following that real estate consumers should know about?

AA searchable database of all active real estate listings in Arizona, updated daily through a direct data feed from the Arizona Regional Multiple Listing Service

BThe ability to verify a licensee's license status, check for disciplinary actions, and review public records about licensed real estate professionalsCorrect

CDetailed property records including sales history, assessed value, and ownership information for all residential and commercial parcels in Maricopa and Pima counties

DA lender comparison tool showing current mortgage rates from all Arizona-licensed lenders so consumers can identify the best available financing before making an offer

Why The ability to verify a licensee's license status, check for disciplinary actions, and review public records about licensed real estate professionals Is Correct

Answer B: The ability to verify a licensee's license status, check for disciplinary actions, and review public records about licensed real estate professionals

The ADRE's public website allows consumers to look up any Arizona real estate licensee to verify their license is current and active, check for any disciplinary actions or complaints that resulted in action, and find the licensee's employing broker. This is an important consumer protection tool that real estate professionals should make their clients aware of.

Key Arizona License Law Terms in This Question

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.

People Also Study

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.

Short Sale

A sale of real property where the sale proceeds are less than the outstanding mortgage balance, requiring lender approval.

Adjustable-Rate Mortgage (ARM)

A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.

Discount Points

Prepaid interest paid to a lender at closing to reduce the mortgage interest rate, with each point equal to 1% of the loan amount.

State-Specific Concepts

DRE Regulation

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