During an Arizona file audit in Cochise County, a consumer files a verified complaint with ADRE after a broker allegedly concealed trust-account shortages. What is the best answer under current Arizona law or current Arizona form practice?
Correct Answer
A) 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
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.
A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
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A Wyoming licensee is reviewing an out-of-state salesperson applicant prepares for testing. What is the best answer?
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