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9 Cards in this Set
- Front
- Back
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Services of ADREs website |
Encourage use of website for most things due to limited staff. Some fees are higher when website not used. Go to Message Center for questions. News and Alerts, Forms and Publications, FAQ, Online Services, etc |
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What does the ADRE Law Book contain? |
Licensing Statutes, Commissioners Rules, Substantive Policy Statements |
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Common Broker Violations |
One of the most common is The failure to reasonably supervise licensees. THE most common violation real estate agents in counter is failure to disclose adverse material facts about a property. |
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What does ADRE I’ll leave the primary role of the designated broker is? |
To manage and supervise All real estate activities in the brokerage. In Arizona we only have one designated broker for each employee and real estate entity. |
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Commissioners Rule R4-28-1103 |
Requires brokerages in Arizona to have a riddance our policies procedures and systems established in order to exercise reasonable supervision and control, there is amended as policies are altered |
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What should this require policies and procedures manual address? |
1. THE REVIEW AND MANAGEMENT OF TRANSACTIONS: use of disclosure forms, use of contracts, use of employment agreements 2. MANAGEMENT OF DOCUMENTS: Filing Storing and maintaining documents, handling of trust funds, use of unlicensed assistants 3. DELEGATION OF AUTHORITY operation of the brokerage in absence of designated broker, Authority given to branch managers, authority of others acting on the brokers behalf 4. FAMILIARIZING LICENSEES WITH THE LAW process for familiarization, purpose and frequency of office meetings, communication of changes in the law REVIEW AND INSPECTION Documents that affect the rights of parties, documents that affect the obligations of parties, advertising and marketing |
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Brokers exempt From policy manual requirements |
Brokerage has no more than one office, employees no more than one other licensee and no more than one unlicensed person |
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Requirements for handing over brokerage authority |
Broker must delegate authority to run their business if unable to ask for a period of time longer than 24 hours, must be in writing and retain for at least a year from its effective date. Not necessary to notify ADRE every time |
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If brokerage authority designee is a sales person and they may not |
Higher or several licensees, the delegated authority may not exceed 30 days and a separate authorization is required for each temporary absence |
