Broker Supervision & Control Audit Declaration

Please purchase the course before starting the lesson.
Orientation

Picture1Orientation

Receiving Continuing Education (CE) Credits after you have successfully completed this course, you will receive three continuing education credit hours on your real estate license renewal transcript. To receive credit for the course, you must achieve 80 percent or better on each of the chapter quizzes and the final exam. If you do not pass a quiz or the exam, you will be given another quiz with new questions.

Course Completion Time

A Student has one year to complete any course from the date the student first started the course. After one year, the student’s privileges to access that course shall expire. Once you complete your course and have been certified, you will no longer have access to that course.

Certificate of Completion

Issued Immediately Online: upon completion of each course.

9 CREDIT HOURS PER DAY (MAX)

The Arizona Department of Real Estate will not allow a student to take more than 3 courses per day (9 hours of credit). Therefore, a student who completes 3 courses in a calendar day will not have access to their other courses until 12:00 a.m., which starts the next calendar day. You can only work on one course at a time therefore, once you start a course, you must complete that course before you have access to your other courses.

Upon the successful completion of any course

You will receive a certificate under your name exactly as it appears when you first created your student account. Your certificate will be available to you immediately after passing your final exam by clicking the link. It is the student’s responsibility to then print the certificate from your computer. We do not fax or mail certificates to students.

Replacement Certificates

If you need a replacement certificate at a later date, duplicate certificates are also available online. In your student account, accessible to you with your username and password, you can access your course history and get course names and dates of completion.

Bookmarking Feature

This class is equipped with a book-marking feature that enables you to stop and start the course at any time. Click the Exit button on the left when you are ready to take a break. Upon return, your progress will have been saved. Above each topic is a status bar, if both text and the bar are blue it means the section is complete.

Refund Policy

There is no charge to create a Student Account. This gives you the ability to order courses from us. However, once you order courses, there shall be no refunds of monies paid. All sales of classes are final. Dodd’s School Of Real Estate will refund any fees for courses if the course is discontinued by the school preventing the student from completing the course.

About the Instructor

Shane Doddshane

Shane is an Active Designated Broker and is dedicated and committed to helping you succeed as a Realtor in today’s marketplace. He has been developing and instructing professional and business development courses since 2007. Shane and his staff regularly update these courses to help ensure students are receiving the latest in training and development. We sincerely hope that you enjoy your training experience as you go through this course. If you have questions about the course content, would like to provide feedback to help improve the course, or experience any technical difficulty while in the course, you are welcome to contact us by clicking the “Help” button.

Linda Tummolo

Linda is an active Associate Broker and is also dedicated and committed to helping you succeed as a Realtor® in today’s market. Linda has been a mentor since 2007. Held a position as Managing Broker and has been developing and teaching new agents to be able to navigate their journey from the beginning, to their first successful transaction and all the  aspects in between, from lead generating, searching, negotiating, accounting and the closing. Teaching has always been her passion.

Note: The Orientation part of this course is not part of the ADRE Continuing Education Requirement. This section is for informational purposes only regarding this website and information on the instructors. 

Please Read:

You must complete the fill-in-the-blanks below in order to start the quiz. 

 

Before you enter your data in the Broker Audit Declaration, you will see this statement:

The Designated Broker shall complete this Audit Declaration and return it to the Department of Real Estate concurrent with Broker’s license renewal to:

Arizona Department of Real Estate (ADRE)
2910 N. 44th Street, Suite 100
Phoenix, Arizona 85018

Pursuant to A.R.S. § 32-2153(A)(17) and A.A.C. R4-28-303(A)(2)(f), this Audit Declaration is required as part of the Designated/Self Employed Broker’s Renewal Application or as determined appropriate by the Department‘s Audit Division. This Audit Declaration does not preclude an onsite or field audit of the books and records of the brokerage pursuant to A.R.S. §§ 32-2108(A),  32-2151.01(A) and 32-2175(H). The Department will use the information in the completed Audit Declaration when conducting any future field audit.

The Audit Declaration is an important report that will become a public record and be kept by the Department for at least five years. Please complete, sign and return the Audit Declaration to the Department with the License Renewal forms and fees. ALL NO answers require further explanation on Page 8. If you have questions relating to how to respond to any item, you may submit your question to the Department’s auditing staff through the Department Message Center. Statutes and rules are summarized, refer to the quoted source when answering the questions.

Quick Quiz

Fill in the Blank:
The Audit Declaration is an important that will become a public record and be kept by the Department for at least  years.

The following are the Statutes and Rules sited in the Broker Audit Declaration statement:

imagesA.R.S. § 32-2153(A)(17)

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.

17. Failed or refused upon demand to produce any document, contract, book, record, information, compilation or report that is in the licensee’s possession or that the licensee is required by law to maintain concerning any real estate, cemetery or membership camping business, services, activities or transactions involving or conducted by the licensee for inspection by the commissioner or the commissioner’s representative.

Quick Quiz

Fill in the Blank:
The may suspend or revoke a license, deny the issuance of a license, issue a letter of concern to a .

A.A.C. R4-28-303(A)(2)(f)

R4-28-303. License Renewal; Reinstatement; Changes of Personal Information, License, or License Status; Professional Corporation or Professional Limited Liability Company Licensure; Administrative Severance

A. Renewal.

2. Any salesperson or broker applying for a license renewal shall submit the following information on the Application for License Renewal form:

f. To renew as designated broker for an employing broker, the designated broker shall complete and submit a signed Broker Supervision & Control Audit Declaration for the sole proprietorship or entity on whose behalf the broker acts as designated broker. The completed declaration shall:

  • Be dated and filed before or with the broker’s renewal application, and submitted to the Department no earlier than 90 days before the broker’s license expiration date.
  • Be in the form prescribed by the Department.
  • State the broker’s compliance or non-compliance with, or the non-applicability of, specified statutes and rules.
  • Identify all of the broker’s property management and trust accounts.

A.R.S. §§ 32-2108(A)

32-2108. Powers and duties of commissioner to make investigations and require information.

A. The commissioner on the commissioner’s own motion may, and upon a verified complaint in writing shall, investigate the actions of any natural person or entity engaged in the business or acting in the capacity of a broker, salesperson or developer and may at any time examine the books and records used in connection with the business insofar as the commissioner reasonably believes the books or records pertain to the transfer, sale, rental, lease, use or management of real property. In connection with an investigation, the commissioner or the commissioner’s representative may take testimony and may examine and copy documents and other physical evidence that relate to the investigation. If necessary, the commissioner or the commissioner’s representative may issue subpoenas to compel the testimony of witnesses and the production of documents and other evidence. If a person refuses to comply with a subpoena, the commissioner or the commissioner’s representative may apply to the superior court for an order to compel compliance.

Quick Quiz

Fill in the Blank:
To renew as designated for an employing broker, the designated broker shall complete and submit a Broker Supervision & Control Audit Declaration for the sole proprietorship or entity on whose behalf the broker acts as broker.

32-2151.01(A)

32-2151.01. Broker requirements; record keeping requirements; definitionimages (1)

A. Each licensed employing broker shall keep records of all real estate, cemetery, time-share or membership camping transactions handled by or through the broker and shall keep employment records, including copies of employment status, for all current and former employees. The records required by this section shall include copies of earnest money receipts, confirming that the earnest money has been handled in accordance with the transaction, closing statements showing all receipts, disbursements and adjustments, sales contracts and, if applicable, copies of employment agreements. The records shall be open at all reasonable times for inspection by the commissioner or the commissioner’s representatives. The records of each transaction and employment records shall be kept by the broker for a period of at least five years from the date of the termination of the transaction or employment. The records shall be kept in the employing broker’s principal office or licensed branch office in this state or at an off-site storage location in this state if the broker provides prior written notification of the street address of the off-site storage location to the department.

32-2175(H)

32-2175: Property management records; requirements; audits

H. On request by the commissioner or the commissioner’s representatives for routine audit purposes the broker shall make available within a reasonable amount of time all records relative to property management accounts, including lease agreements, lease related documents and trust account records. The department is limited to auditing those areas that are related to the business activities of a broker and that have a material bearing on the accuracy of the audit. This subsection shall not limit the immediacy or scope of an audit if a violation of real estate statutes or rules is suspected.

Quick Quiz

Fill in the Blank:
The department is to auditing those areas that are related to the business activities of a broker and that have a material bearing on the accuracy of the .

Broker_Supervision_Control_Audit_Form.unlocked_Page_1

 

Warning Please Read:

You must complete the fill-in-the-blanks above in order to start the quiz below.  It is required for the timer to run out before submitting the quiz for grading.

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