Arizona License Law
Under Arizona law, the designated broker of a property management company must:
APersonally approve every lease transaction
BMaintain written management agreements with each property owner and hold security deposits in trust✓ Correct
COnly manage properties they personally own
DHave a separate property management license
Explanation
Arizona requires property management brokers to maintain written property management agreements with each owner and to hold tenant security deposits and management funds in separate trust accounts.
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