Here is the Arizona Real Estate Salesperson Exam Lesson 2: The Standard of Care

Arizona Real Estate Salesperson Exam Lesson 2: The Standard of Care

Here is a free lesson for the Arizona Real Estate Salesperson Exam Lesson 2: The Standard of Care. The full series of lessons is available at the Website

 

https://www.reexampodcast.com

Acting up to the professional standard of a licensed real estate professional.

Falling below this can cause you to be sued for negligence.

What is considered reasonable care will wary based on the circumstances.

If an issue is beyond your own expertise, you should refer a client to another professional.

• Broker’s Activities

• Marketing properties

• Locating properties for buyers

• Preparing purchase contracts

• Negotiating with other parties

• Answering questions and providing info

• Coordinating inspections

• Investigating your area of business and learning about it.

• Only receiving commissions/not passing on other expenses to the buyer or seller.

• Informing the client of his or her options when presented with multiple offers.

Real estate brokers and salesperson have a unique power in Arizona. They are allowed by a constitutional amendment to a limited practice of law in order to draft purchase contracts and other documents for the transfer of real property. This is not allowed in many other states.

Prohibited Activities

• Misrepresentation

• Making false promises

• Acting negligently

• Demonstrating a basic lack of skill

• Acted as a blind dual agent

• Substituting contracts for personal gain

• False advertising

• Violating fair housing laws

• Discrimination

• Incomplete records

• Co-mingling funds

• Lied on the application

• Employing an unlicensed person

• Unlicensed commissions

• Not notifying the ADRE of convictions within 10 days