Arizona License Law
The Arizona REALTORS® Code of Ethics differs from the Arizona License Law in that:
AThe Code of Ethics is legally binding on all Arizona licensees
BThe Code of Ethics applies only to NAR members and is enforced by the local REALTOR® association, while License Law applies to all licensees✓ Correct
CThey are identical documents
DThe Code of Ethics is enforced by the ADRE
Explanation
The NAR Code of Ethics applies only to REALTOR® members and is enforced through local REALTOR® associations. Arizona License Law applies to all licensed practitioners and is enforced by the ADRE.
Related Arizona Arizona License Law Questions
- The ADRE has the authority to conduct which of the following?
- What is the purpose of the Arizona Real Estate Recovery Fund?
- Which state agency is responsible for regulating real estate licensees in Arizona?
- How many continuing education hours must an Arizona licensee complete each 2-year renewal period?
- Arizona requires real estate licensees to disclose their license status when:
- A licensee's designated broker supervises the licensee's real estate activities. If the licensee commits fraud, the designated broker may be subject to disciplinary action by ADRE if the broker:
- Which of the following is a disciplinary action the ADRE Commissioner can impose on a licensee?
- An Arizona associate broker (employed broker) differs from a designated broker in that an associate broker:
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