Which agency governs the practices of real estate in Arizona?

Which agency governs the practices of real estate in Arizona?

• A. The Department of Real Estate
• B. The Arizona Real Estate Commission
• C. The State Senate
• D. The Governor’s Office

Answer: (A)

The correct answer is that the Department of Real Estate governs the practices of real estate in Arizona. This agency is responsible for regulating real estate licensing, overseeing real estate transactions, and ensuring compliance with state laws and regulations regarding real estate practices. It plays a critical role in protecting the public interest in real estate matters, including enforcing laws that govern real estate agents and brokers. While the Arizona Real Estate Commission is involved in the oversight of the industry, it operates under the Department of Real Estate. Therefore, while the Commission has an important function in providing recommendations and advising on rules and regulations, it does not have the overarching governance role that the Department of Real Estate holds. The State Senate and the Governor's Office are more about legislative and executive functions, respectively, but they do not directly govern real estate practices. Thus, in the context of real estate governance specifically, it is the Department of Real Estate that has the primary responsibility.

The correct answer is that the Department of Real Estate governs the practices of real estate in Arizona. This agency is responsible for regulating real estate licensing, overseeing real estate transactions, and ensuring compliance with state laws and regulations regarding real estate practices. It plays a critical role in protecting the public interest in real estate matters, including enforcing laws that govern real estate agents and brokers.

While the Arizona Real Estate Commission is involved in the oversight of the industry, it operates under the Department of Real Estate. Therefore, while the Commission has an important function in providing recommendations and advising on rules and regulations, it does not have the overarching governance role that the Department of Real Estate holds.

The State Senate and the Governor's Office are more about legislative and executive functions, respectively, but they do not directly govern real estate practices. Thus, in the context of real estate governance specifically, it is the Department of Real Estate that has the primary responsibility.