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Real Estate Salesperson Exam — National Portion

Compensation (AZ): practice questions

Our Real Estate (National) bank has 4 questions on this topic. Here are 4 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Arizona

What must exist before an out-of-state broker does licensed activity in Arizona with an Arizona broker?

  1. A verbal agreement between the two brokers
  2. A written cooperation agreement
  3. Nothing beyond a home-state license
  4. Approval from the Arizona MLS
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B. A written cooperation agreement — A.R.S. 32-2163(C).

Question 2 · Arizona

May an Arizona broker pay a commission to a broker lawfully operating in another state?

  1. Yes
  2. No
  3. Only for commercial deals
  4. Only with commissioner approval
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A. Yes — A.R.S. 32-2163(A).

Question 3 · Arizona

From whom may an Arizona licensee accept compensation as a licensee?

  1. Any party
  2. The broker to whom they are licensed (or a permitted W-2 employer)
  3. The escrow company
  4. The buyer directly
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B. The broker to whom they are licensed (or a permitted W-2 employer) — A.R.S. 32-2155(A).

Question 4 · Arizona

May an out-of-state broker under a cooperation agreement put signs on Arizona property?

  1. Yes
  2. No
  3. Only for commercial property
  4. Only with the seller's consent
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B. No — A.R.S. 32-2163(F).

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