32-2153. Grounds for denial, suspension or revocation of licenses; letters of concern; provisional license; retention of jurisdiction by commissioner; definitions
A. The commissioner may suspend or revoke a license, deny the issuance of a license, issue a letter of concern to a licensee, issue a provisional license or deny the renewal or the right of renewal of a license issued under this chapter if it appears that the holder or applicant, within five years immediately preceding, in the performance of or attempt to perform any acts authorized by the license or by this chapter,
21. As a licensed broker, failed to exercise reasonable supervision over the activities of salespersons, associate brokers or others under the broker’s employ or failed to exercise reasonable supervision and control over the activities for which a license is required of a corporation, limited liability company or partnership on behalf of which the broker acts as designated broker under section 32-2125.
The delegation of Authority:
A designated broker or a managing broker, delegated by the designated broker, shall approve all listings, leases, property management agreements, buyer/broker employment agreements and purchase contracts within 10 days of execution. (32-2151.01(G)) . In order for a licensee to be eligible to be delegated this authority, the licensee must be licensed as an associate broker. If the licensee is an associate broker, the licensee is also eligible to have the authority delegated to them to do the following per ARS 32-2127 (A)(B) (C) (D) and Commissioner’s Rule R4-28-304.