Arizona License LawIntermediateArizona Exam

Which of the following would NOT be required to hold an Arizona real estate license?

AA property management company that finds tenants and collects rent for multiple unrelated property owners for a monthly fee

BA person who negotiates leases for commercial properties for compensation

CAn attorney selling property as part of probate proceedingsCorrect

DA business broker who sells businesses including real property

Why An attorney selling property as part of probate proceedings Is Correct

Answer C: An attorney selling property as part of probate proceedings

Attorneys handling real estate transactions in connection with the practice of law, such as probate proceedings, are exempt from Arizona's licensing requirements under A.R.

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The power of government to take private property for public use, with the requirement to pay the owner just compensation.

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