Arizona License Law
An Arizona real estate licensee must disclose a personal bankruptcy to the ADRE:
AOnly if the bankruptcy involved real estate transactions
BWithin 10 days of the filing✓ Correct
COnly at license renewal
DBankruptcy is not required to be disclosed to the ADRE
Explanation
Arizona licensees are required to notify the ADRE within 10 days of any bankruptcy filing. The ADRE reviews such events to assess their relevance to the licensee's fitness to hold a real estate license.
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