Arizona License LawIntermediateArizona Exam
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 revocationCorrect
COnly a civil fine
DAutomatic license renewal denial
Why License suspension or revocation Is Correct
Answer B: License suspension or revocation
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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State-Specific Concepts
Trust Account RulesDRE RegulationLicense Law
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