Final answer:
In Arizona, once a real estate license is issued, it allows the holder to perform legal real estate transactions. The licensee must abide by the state's real estate laws and complete continuing education for license renewal every two years.
Step-by-step explanation:
Once a real estate license is issued in Arizona, it grants the holder the authority to legally engage in real estate transactions within the state. These transactions include the buying, selling, and renting of real estate properties. It is important to note that the licensee must operate in accordance with Arizona's real estate laws and regulations, which often involve continuing education requirements, adherence to ethical standards, and renewal processes to maintain the validity of the license.
The real estate license must be renewed every two years, and the licensee must complete a certain number of continuing education hours as stipulated by the Arizona Department of Real Estate. Failure to comply with these requisites can result in the suspension or revocation of the license.