Contracts
Under Arizona law, a listing agreement must include:
AA guaranteed sale price
BA definite termination date✓ Correct
CAn automatic renewal clause
DThe buyer's pre-approval amount
Explanation
Arizona Commissioner's Rules require that all listing agreements include a definite termination date. Open-ended listings without an expiration are prohibited. This protects sellers from being locked into perpetual agreements.
Related Arizona Contracts Questions
- An Arizona seller who is transferred out of state and must sell their home quickly may accept a below-market offer. This situation is called a:
- Under Arizona law, a seller must respond to a buyer's repair request within how many days under the standard AAR purchase contract?
- The Buyer's Advisory in Arizona is a document that:
- Under Arizona's Residential Landlord and Tenant Act, a landlord must provide written notice before entering a tenant's dwelling for non-emergency repairs. The required notice period is:
- In Arizona, a purchase contract that is contingent on the buyer obtaining financing must specify:
- A buyer includes an inspection contingency in their purchase contract. If the inspection reveals a major defect and the seller refuses to repair it, the buyer may:
- Which clause in an Arizona purchase contract allows the buyer to cancel and receive a refund of earnest money if they cannot obtain financing?
- The Arizona Buyer's Inspection Notice and Seller's Response (BINSR) is used after the inspection period to:
Practice More Arizona Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arizona Quiz →