Before you read
Test yourself first: 5 questions
Question 1 of 5
Under Arizona Department of Real Estate rules, when must a salesperson first make a written disclosure of who they represent in a transaction?
Answer: B. ADRE requires agency relationships to be disclosed in writing at the earliest practical opportunity, generally at or before the first substantive contact regarding the property, so parties know whose interests the licensee serves before sharing confidential information.
Question 2 of 5
How long is an Arizona broker generally required to retain transaction and trust-account records for inspection by ADRE?
Answer: B. Arizona requires brokers to keep employment agreements, transaction files, and trust-account records for at least five years, available for inspection by the Department of Real Estate. Record-keeping discipline is a core broker compliance duty.
Question 3 of 5
Where must an Arizona brokerage's required transaction and trust-account records generally be kept?
Answer: B. Brokerage records must be maintained at the broker's licensed place of business (main or branch office) and be available for inspection by the Department of Real Estate. The designated broker controls and is accountable for these records.
Question 4 of 5
In Arizona, before a licensee provides substantive services, the agency relationship with a party should be:
Answer: B. Arizona requires that agency relationships be disclosed, typically in writing, so the parties understand whom the licensee represents in the transaction.
Question 5 of 5
In Arizona, before a licensee may act as a dual agent representing both the buyer and seller in the same transaction, the licensee must obtain:
Answer: B. Dual representation (limited dual agency) in Arizona requires the informed written consent of both the buyer and the seller.
Keep the streak going with more questions like these, each with a full rationale.
What you need to know
Residential resale sellers commonly provide the Seller Property Disclosure Statement (SPDS), and material facts affecting value must be disclosed to buyers. Because Arizona is a community property state, marital property interests can affect who must sign listing and sale documents to convey clear title. Earnest money and other client funds must be deposited promptly into a trust account and handled per ADRE rules and the parties' written instructions.
Arizona Contract/Transaction Specifics: FAQs
Is Arizona Contract/Transaction Specifics on the real estate exam?
Yes. State License Law is a scored domain on the Arizona real estate licensing exam, and this topic appears in the state license-law portion.
Is this cheat sheet free?
Yes — every page on Cinna RE's resource library is free to read, print and share. The app adds practice questions, mock exams and a readiness score.
Does Arizona test this differently?
Arizona applies its own license law on top of the national portion. This page covers the Arizona rules specifically, which is what the state section of your exam tests.
