Arizona License Law
Under Arizona law, a licensee who receives compensation from both the buyer and the seller in the same transaction must:
AReturn the compensation to one of the parties
BObtain written informed consent from both parties before the transaction closes✓ Correct
CReport the dual compensation to ADRE within 5 days
DLimit their total compensation to 3% of the sale price
Explanation
Receiving compensation from both buyer and seller is permissible in Arizona only with written informed consent from both parties prior to closing. This is closely related to the limited dual representation disclosure requirement.
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