Broker Property Real Formula In Phoenix
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What are the features of a legally valid real estate contract in Arizona? Understanding the five essential features of a legally valid real estate contract in Arizona is fundamental. These features include mutual consent, capacity, consideration, a written format, and a proper description of the property.
â—Š Be at least 18 years of age when applying. â—Š Complete 90 hours of real estate salesperson pre-licensing education through an ADRE approved school, and pass the school final Salesperson examination, in person. â—Š Register for and pass the Salesperson State Exam.
Complete 90 hours of Real Estate Broker Education at an approved real estate school. Pass the ADRE (Arizona Department of Real Estate) exam. Complete an approved Broker Management Clinic course. Complete a background check, including submitting your Social Security number and date of birth.
Is the Arizona real estate exam hard? Around 23% of Arizona students fail the test and have to retake it in order to pass. Upon follow up after the test, most do not consider the exam "easy." The best way to alleviate your nerves and pass the test is to work hard and prepare as much as possible.
Arizona Constitution Article XXVI Article 26 of the Arizona Constitution is called the ''Right of Licensed Real Estate Brokers and Salesmen to Prepare Instruments Incident to Property Transactions.
At the time of renewal, a salesperson or broker must submit 24 credit hours of Continuing Education (CE). A license will not be issued if this requirement is not met.
Arizona Continuing Education Individual Courses Our online course delivery system manages this requirement for you. The CE Shop is an approved provider in Arizona.
Becoming an Arizona real estate broker can take as little as two to three months. The coursework can be completed as fast as three weeks. Set aside a week to study for exams and additional time for government agencies to complete your background check.
Arizona makes practicing real estate without a license a class 6 felony, punishable by up to two years in prison and a $150,000 fine for first-time offenders and up to 5.75 years' incarceration for repeat offenders.
