Before you read
Test yourself first: 5 questions
Question 1 of 5
Which statement about taking the Arizona real estate salesperson examination is correct?
Answer: B. An applicant must complete the required 90 hours of pre-licensing education before taking the salesperson examination. Passing the exam is only one step; the applicant must also meet other requirements and work under a designated broker, not become one.
Question 2 of 5
A licensed salesperson from another state moves to Arizona and wants to practice. How does Arizona generally treat out-of-state licensees seeking to be licensed?
Answer: B. Arizona does not have blanket reciprocity agreements. Out-of-state applicants must satisfy Arizona's requirements and pass at least the state-specific (Arizona law) portion of the licensing exam.
Question 3 of 5
How must an Arizona broker handle client and customer funds such as earnest money deposits?
Answer: B. Arizona requires client funds, including earnest money, to be held in a trust account that is kept separate from the broker's own funds to prevent commingling.
Question 4 of 5
When commingling is prohibited in Arizona, it means a broker must NOT:
Answer: A. Commingling is the prohibited act of mixing clients' trust funds with the broker's own funds; client money must stay in a separate trust account.
Question 5 of 5
When an Arizona buyer and seller dispute who is entitled to an earnest money deposit held in the broker's trust account, the broker should generally:
Answer: B. A broker holding disputed earnest money must keep the funds in the trust account and not release them until the parties reach agreement or a court directs disbursement.
Keep the streak going with more questions like these, each with a full rationale.
What you need to know
Because Arizona is a community property state, marital interests in real property must also be properly accounted for in transactions. To renew a license, a salesperson must complete 24 hours of approved continuing education every two-year renewal cycle.
Arizona Trust Funds and License Renewal Requirements: FAQs
Is Arizona Trust Funds and License Renewal Requirements 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.
