11. Earnest Deposits

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This section provides detailed guidance on managing earnest deposits and trust accounts in compliance with Arizona statutes. It covers the responsibilities of agents and brokers, the requirements for handling funds, and the proper maintenance of trust account records. Handling Earnest Deposits A. Agent Responsibilities Statute: A.R.S. § 32-2151.01(D) Requirement: All licensees (agents) must promptly place […]

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10. Sale/Lease Transaction Records12. Delegation of Authority