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Arizona · State License Law — free study notes for the real estate licensing exam.
🏛️ State License Law 📍 ArizonaIn Arizona, a licensee acts as an agent who owes fiduciary duties (loyalty, obedience, disclosure, confidentiality, accounting, and reasonable care) to the client they represent, whether that is the seller or the buyer. Agency in Arizona is created by a written agreement, and the brokerage relationship must be disclosed in writing. Because a salesperson's license is held by the employing broker, the agency relationship legally runs through the brokerage rather than the individual agent. Licensees must treat all parties to a transaction honestly and fairly even when representing only one side.
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.
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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.