Material facts that affect value or desirability must be disclosed.
Before you read
Test yourself first: 5 questions
Question 1 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 2 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 3 of 5
An Arizona salesperson receives an earnest money check from a buyer. Where must these funds generally be handled?
Answer: B. Client funds such as earnest money must be placed in the broker's trust account or, as is common in Arizona, deposited with a neutral escrow company per the contract terms. Commingling with personal funds is prohibited.
Question 4 of 5
How many hours of pre-licensing education are required for an Arizona salesperson license?
Answer: C. Arizona requires 90 hours of ADRE-approved salesperson pre-licensing education (plus a separate contract writing course).
Question 5 of 5
An Arizona licensee wishing to keep an active license must complete the required continuing education within which time frame?
Answer: B. Arizona licenses renew on a two-year cycle, and the 24 hours of continuing education must be completed within each two-year renewal period.
Keep the streak going with more questions like these, each with a full rationale.
Must-know rules
- Sellers commonly provide the Seller Property Disclosure Statement (SPDS) on residential resales.
- Material facts that affect value or desirability must be disclosed.
- Arizona is a community property state, which can affect title and signatures.
- Earnest money and client funds must be placed in a trust account.
- Trust funds must be deposited promptly per ADRE rules and not commingled.
- Designated broker is accountable for proper handling and reconciliation of trust accounts.
- Escrow holds and disburses funds per the parties' written instructions.
Arizona Required Disclosures & Escrow/Trust Timeframes: FAQs
Is Arizona Required Disclosures & Escrow/Trust Timeframes 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.
