Arizona License Law
In Arizona, a broker's trust account must be maintained in:
AA federally insured financial institution within Arizona✓ Correct
BAny bank or credit union the broker prefers, regardless of location
CAn escrow company account managed by a title insurer
DA personal checking account used only for real estate funds
Explanation
Arizona requires broker trust accounts to be maintained in a federally insured financial institution located in Arizona. Commingling personal funds with trust funds is strictly prohibited.
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