During an Arizona file audit in Coconino County, a consumer files a verified complaint with ADRE after a broker allegedly concealed trust-account shortages. What should the parties assume under current Arizona rules?
Correct Answer
C) the commissioner must investigate a verified complaint and may investigate on the commissioner's own motion
Under A.R.S. § 32-2108; ADRE enforcement materials, the commissioner must investigate a verified complaint and may investigate on the commissioner's own motion.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.
Continuing education (CE) refers to the ongoing coursework that licensed real estate professionals must complete during each renewal cycle to maintain an active license. CE ensures agents stay current with changes in laws, regulations, and industry practices.
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
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