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98 Cards in this Set
- Front
- Back
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# of years Brokers keeps transaction records after termination |
5 years |
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How many years are employee records from termination |
5 years Personnel |
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Designated Broker reviews contracts w/i how many days |
10 business days |
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After termination, residential leases are kept |
1 year |
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Rejected offers are kept for how many years |
1 year - contracts/counter offers |
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How often does a broker remove all interest from trust accounts |
At least every 12 months |
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Broker place money in property management accounts |
3 banking days |
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How long are property management financial records are kept |
3 years broker/owner |
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How many years are property management kept |
5 years after termination |
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Statutory redemption period on property tax foreclosure |
3 years |
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Statutory redemption on mortgage foreclosure |
6 months |
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Deed of trust reinstatement period |
90 days before the foreclosure |
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Statute of limitations |
5 years money awarded from recovery fund |
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Change of address, employment, broker address, felony or misdemeanor |
10 days |
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Broker changes place of business the sign is removed |
Immediately |
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Tenants security deposit must be returned |
14 business days |
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Eviction notice for non-payment of rent |
5 days pay or quit |
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Tenant eviction notice for violation of rules |
10 days non- compliance |
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Tenant eviction notice for health & safety |
5 days health&saftey |
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Tenant eviction notice for irreparable breach |
Immediately - illegal activity |
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Landlord entering non-ermergency |
2 day notice |
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Landlord entering non-ermergency |
2 day notice |
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Landlord holds evicted tenants personal property |
21 days |
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Landlord entering non-ermergency |
2 day notice |
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Landlord holds evicted tenants personal property |
21 days |
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Landlord hold tenants personal property after abandonment |
10 days |
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Landlord entering non-ermergency |
2 day notice |
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Landlord holds evicted tenants personal property |
21 days |
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Landlord hold tenants personal property after abandonment |
10 days |
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Rescission of un-subdivided land w/o inspection |
6 months |
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Landlord entering non-ermergency |
2 day notice |
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Landlord holds evicted tenants personal property |
21 days |
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Landlord hold tenants personal property after abandonment |
10 days |
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Rescission of un-subdivided land w/o inspection |
6 months |
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Rescission of un-subdivided land with inspection |
7 days |
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Landlord entering non-ermergency |
2 day notice |
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Landlord holds evicted tenants personal property |
21 days |
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Landlord hold tenants personal property after abandonment |
10 days |
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Rescission of un-subdivided land w/o inspection |
6 months |
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Rescission of un-subdivided land with inspection |
7 days |
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How long are public reports kept |
5 years |
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Landlord entering non-ermergency |
2 day notice |
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Landlord holds evicted tenants personal property |
21 days |
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Landlord hold tenants personal property after abandonment |
10 days abandon |
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Rescission of un-subdivided land w/o inspection |
6 months |
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Rescission of un-subdivided land with inspection |
7 days |
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How long are public reports kept |
5 years land/new subdivision |
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Buyer not shown public report has how long make contract voidable |
3 years voidable |
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Rescission on time-shares sales |
7 calendar days |
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Who's responsible to deliver CC&R's to buyer |
Less than 50 units -seller 50 units or more HOA |
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Land contract redemption periods |
0-19% = 30 days 20-29% = 60 days 30-49% =120 days 50%+ = 9 months |
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Renewal period for real estate license |
Every 2 years |
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Continued Ed credits hours needed for renewal |
24 hours |
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How long are non-residential lease kept after termination |
5 years non-residential leases |
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How many Active Management Area in AZ |
5 Phx, Pinal, Prescott, Tucson, Santa Cruz |
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Irrigation grandfather rights |
Run with the land |
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Type 1 water rights |
Run with the land (no longer used farming/irrigation |
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Type 2 water rights |
Can be sold apart from the land |
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How years of water supply is need in an AMA |
100 years |
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How years of water supply is need in an AMA |
100 years |
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What is an exempt domestic well |
One that has a max pumping capacity of 35 gallons per minute |
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How years of water supply is need in an AMA |
100 years |
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What is an exempt domestic well |
One that has a max pumping capacity of 35 gallons per minute |
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Central AZ Water Conservation District was formed in what year |
1971 |
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How years of water supply is need in an AMA |
100 years |
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What is an exempt domestic well |
One that has a max pumping capacity of 35 gallons per minute |
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Central AZ Water Conservation District was formed in what year |
1971 |
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What agency is responsible for the environment in AZ |
AZ Dept of Environmental Quality (ADEQ) |
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How years of water supply is need in an AMA |
100 years |
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What is an exempt domestic well |
One that has a max pumping capacity of 35 gallons per minute |
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Central AZ Water Conservation District was formed in what year |
1971 |
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What agency is responsible for the environment in AZ |
AZ Dept of Environmental Quality (ADEQ) |
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What agency oversees ground water |
AZ Dept of Water Resources (ADWR) |
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What is the name of AZ Superfund |
Water Quality Assurance Revolving Superfund (WQARF) |
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Who administers the Central AZ Project |
Central AZ Water Conservation District (CAWCD) |
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The term of the Real Estate Commissioner |
Serves at the pleasure of the Governor |
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How many members on the Advisory Board |
10 members |
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How many members on the Advisory Board |
10 members |
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Salesperson contribution to the Recovery Fund |
$10 |
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How many members on the Advisory Board |
10 members |
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Salesperson contribution to the Recovery Fund |
$10 |
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Broker contribution to the Recovery Fund |
$20 |
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How many members on the Advisory Board |
10 members |
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Salesperson contribution to the Recovery Fund |
$10 |
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Broker contribution to the Recovery Fund |
$20 |
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Temporary broker's license |
Surviving spouse/next of kin = 90 days Administrator not to exceed 15 months |
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Who is in charge of all advertising |
Designated Broker |
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Who is in charge of all advertising |
Designated Broker |
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Improved lot |
A structure will be built w/i 2 years from date of contract |
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Subdivided Land |
6 or more parcels all under 36 acres each |
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Un-Subdivided Land |
6 or more parcels from 36 acres & less 160 acres |
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What day are the 1st half of property taxes due |
October 1st |
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What day are the 2nd half of property taxes due |
March 1st of the following year |
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When are the 1st half of property taxes late |
November 1st |
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When are the 2nd half of property taxes late |
May 1st of the following year |
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AZ Mechanic's liens must be filed |
60 days if notice of completion record, 120 days if notice not recorded |
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Action to enforce Mechanic's lien must be filed |
W/I 6 months |
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How many days does a licensee have to respond to ADRE investigation |
14 days report ADRE |
