Arizona License Law
The ADRE audits broker trust accounts to ensure compliance. A broker who fails to maintain proper trust account records may face:
AA warning letter only
BLicense suspension or revocation✓ Correct
COnly a civil fine
DAutomatic license renewal denial
Explanation
Failure to maintain proper trust account records is a serious violation that can result in license suspension or revocation by the ADRE, in addition to possible civil or criminal penalties.
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