Arizona License Law
Under Arizona law, a real estate licensee acting as a buyer's agent who receives an earnest money deposit must give it to their:
AEmploying broker for deposit in the broker's trust account✓ Correct
BTitle company immediately upon receipt
CSeller's agent for the seller's safekeeping
DBank account held by the buyer
Explanation
A salesperson who receives earnest money must immediately deliver it to their employing broker for deposit in the broker's trust account. Salespersons cannot hold trust funds personally.
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