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Course Description: Arizona Commissioner’s Standards

3-Hours Commissioner’s Standards

Overview

The “Arizona Commissioner’s Standards” course is a specialized 3-hour training designed for real estate brokers and salespersons aiming to enhance their knowledge of the standards set forth by the Arizona Real Estate Commission. This course is pivotal for those seeking to ensure compliance with the legal and ethical guidelines that govern the real estate profession in Arizona. Covering a broad range of topics from licensing and professional conduct to recordkeeping and trust accounts, this course not only prepares participants for successful license renewal but also equips them with the insights to navigate the complexities of real estate practices within the framework of commissioner’s standards.

Objectives

  • To familiarize real estate professionals with the Arizona Real Estate Law Book’s requirements.
  • To understand the intricacies of salesperson and broker licensing, professional conduct, and compensation.
  • To explore the essentials of broker supervision, advertising, promotional activities, and the disciplinary grounds.
  • To delve into the specifics of branch offices, office policy, professional corporations, and limited liability companies.
  • To gain proficiency in recordkeeping and managing trust accounts according to Arizona law.

Course Structure

  1. License Renewal and Education Requirements: Overview of renewal processes, education requirements, and fair housing course substitutes.
  2. Statutory Requirements for Licensing: Detailed examination of ARS 32-2130, including online license renewal for salespersons and brokers.
  3. Legal Hotline Q&A: Real-world legal questions and answers to clarify common queries and dilemmas faced by real estate professionals.
  4. Fiduciary Duties and Broker Supervision: Insights into the fiduciary responsibilities of real estate professionals and the standards for broker supervision and control.
  5. Advertising and Promotional Activities: Guidelines for ethical and compliant advertising, trade names, and promotional activities as defined by Arizona regulations.
  6. Unauthorized Activities and Corrective Actions: Understanding unauthorized practices and the grounds for disciplinary action.
  7. Branch Office Management and Office Policies: Best practices for managing branch offices, displaying licenses, and developing office policies.
  8. Recordkeeping and Trust Accounts: Essential principles for maintaining accurate records and managing trust accounts in compliance with Arizona law.

Interactive Learning Components

  • True/False Section Reviews: To reinforce learning and assess understanding of each topic.
  • Legal Hotline Q&A Sessions: Offering practical insights and solutions to common legal questions.
  • Comprehensive Section Exams: Testing knowledge and application of the commissioner’s standards across various real estate practices.

Who Should Attend

This course is essential for all active real estate brokers and salespersons in Arizona, especially those preparing for license renewal. It is also highly beneficial for new entrants to the industry seeking to align their practices with the highest standards of professional conduct and legal compliance.

Learning Outcomes

Upon completing this course, participants will:

  • Have a thorough understanding of the commissioner’s standards as they apply to Arizona real estate practices.
  • Be prepared for the Arizona Real Estate License Renewal process with the required credits.
  • Be equipped to implement best practices in brokerage management, advertising, and client relations in compliance with Arizona law.
  • Understand the legal frameworks surrounding professional conduct, trust account management, and recordkeeping.

Conclusion

“Arizona Commissioner’s Standards” is a critical course for real estate professionals dedicated to upholding the integrity and excellence of the real estate industry in Arizona. Through this course, participants will not only meet their continuing education requirements but also gain valuable insights into ethical, legal, and professional standards that are essential for success in the dynamic real estate market.

Lessons

5-The Tutorial – AZ Standards

Length: 6 minutesComplexity: Standard

The tutorial shows licensees how to: Log into the online system Complete the Terms and Conditions Provide email registration Update personal information Validate qualifications and suitability for license renewal Identify…

6-Lapsed License – AZ Standards

Length: 5 minutesComplexity: Standard

Statute 32-2130(B) (C) In the event your license has lapsed, you may file an application for license renewal up to one year after license expiration. Additionally, if a license has expired,…

9-Fiduciary Duty – AZ Standards

Length: 5 minutesComplexity: Standard

Fiduciary Duty Within the Arizona Real Estate Law book, under statute R4-28-1101, A licensee owes a fiduciary duty to the client and shall protect and promote the client’s interests. The…

10-Broker Supervision and Control – AZ Standards

Length: 8 minutesComplexity: Standard

A salesperson or broker shall not: Permit or facilitate occupancy in a person’s real property by a third party without prior written authorization from the person; or Deliver possession before…

11-Advertising – AZ Standards

Length: 7 minutesComplexity: Standard

Advertising includes anything that is prepared to induce directly or indirectly any person to enter into any obligation or acquire any title or interest in [property] and any photographs, drawings…

14-Unauthorized Activity – AZ Standards

Length: 5 minutesComplexity: Standard

Unauthorized  A licensee is a real estate professional with a fiduciary duty to his or her client to act in the client’s best interests, as described in R4-28-1101(I). Reasonable care or…

15-Grounds for Corrective Action – AZ Standards

Length: 6 minutesComplexity: Standard

Grounds for Corrective Action The commissioner may suspend or revoke a license, deny the issuance of a license, issue a letter of concern to a licensee, issue a provisional license…

19-Branch Office – AZ Standards

Length: 6 minutesComplexity: Standard

When a broker maintains more than one place of business within the state he/she shall be required to procure an additional license for each branch office. Branch office licenses are…

20-Office Policies – AZ Standards

Length: 7 minutesComplexity: Standard

Arizona designated brokers are responsible for the management of the physical office and for the supervision and control of licensees who work with the brokerage. Brokers are required to have…

21-Office Record Keeping – AZ Standards

Length: 6 minutesComplexity: Standard

Record-Keeping The broker is required to keep the records of each transaction and employment records for at least five (5) years from the date of the termination of the transaction…

22-Trust Accounts – AZ Standards

Length: 7 minutesComplexity: Standard

ARS 32-2151 Unless otherwise provided in writing by all parties to a transaction, any licensed real estate broker who does not immediately place all funds entrusted to the broker, in…

23-Trust Account Records – AZ Standards

Length: 8 minutesComplexity: Standard

Trust account records should show at all times: When money came into the trust account How much Who it belongs to When it was disbursed and to whom Take a look at the Trust Account…

27-Final Exam – AZ Standards

Length: 0 minutesComplexity: Standard

The Final is not timed. Once you have passed this final… The Commissioner’s Standards Course Remember to PRINT OUT YOUR CERTIFICATE, and then you may move on to a new Course. Good luck…

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