Arizona License LawIntermediateArizona Exam
The purpose of the ADRE's pre-license education requirement is to:
AGenerate revenue for the state
BEnsure new licensees have minimum competency before serving the publicCorrect
CCreate a barrier to entry to protect existing licensees
DSatisfy federal housing regulations
Why Ensure new licensees have minimum competency before serving the public Is Correct
Answer B: Ensure new licensees have minimum competency before serving the public
Pre-license education requirements ensure that individuals entering the real estate profession have minimum knowledge and competency to protect consumers from unknowledgeable or unethical practice.
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Key Terms to Know
Eminent Domain
The power of government to take private property for public use, with the requirement to pay the owner just compensation.
Fair Housing ActFederal law prohibiting discrimination in the sale, rental, or financing of housing based on race, color, national origin, religion, sex, disability, and familial status.
BlockbustingAn illegal practice of inducing homeowners to sell by claiming that the entry of minority groups will lower property values.
State-Specific Concepts
Pre-License EducationDRE Regulation
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