Arizona License LawIntermediateArizona Exam
The Arizona Sunset Review process, which evaluates state agencies including the ADRE, is designed to:
AEnforce discipline against ADRE licensees through an independent review panel that can suspend or revoke licenses outside the normal administrative hearing process
BCertify annually that ADRE's fee schedule is consistent with the actual cost of regulation and order a fee reduction if the agency has accumulated excess reservesCorrect
CRequire ADRE to submit an annual report to the legislature confirming that all active licensees have satisfied their continuing education requirements for the year
DPeriodically evaluate whether state agencies like the ADRE should continue to exist, be modified, or be abolished
Why Certify annually that ADRE's fee schedule is consistent with the actual cost of regulation and order a fee reduction if the agency has accumulated excess reserves Is Correct
Answer B: Certify annually that ADRE's fee schedule is consistent with the actual cost of regulation and order a fee reduction if the agency has accumulated excess reserves
Arizona's Sunset Review process (through the Joint Legislative Audit Committee) periodically reviews state agencies to determine whether they are operating effectively and whether their statutory authority should continue, be modified, or be terminated.
Key Arizona License Law Terms in This Question
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Key Terms to Know
Debt-to-Income Ratio (DTI)
A lender's measure of a borrower's monthly debt obligations relative to their gross monthly income, used to evaluate loan eligibility.
Net Operating Income (NOI)The annual income generated by an income-producing property after subtracting operating expenses, but before debt service.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
State-Specific Concepts
DRE Regulation
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