11. Earnest Deposits
Agents of the brokerage promptly place all cash, checks, or other items received as payment in connection with a real estate transaction, in the care of the designated broker. A.R.S. § 32-2151.01(D) 32-2151.01: Broker requirements; record-keeping requirements; definition D. All licensees shall promptly place all cash, checks, or other items of value received as payment in connection with […]