At Red Rock Desert Properties in Lake Havasu City, a broker begins representing both buyer and seller in the same transaction without obtaining prior written consent from both parties. Each of the following statements about disciplinary process is generally accurate in Arizona, EXCEPT.
Correct Answer
D) oral disclosure is always enough when the broker means well under current Arizona law
This is the exception. Under A.R.S. § 32-2153; A.A.C. R4-28-1101(F); A.R.S. Title 32, Chapter 20; Arizona administrative review procedures; A.R.S. § 32-2153 disciplinary framework, Arizona does not treat the issue this way. Instead, acting for more than one party without the required informed written consent is disciplinary conduct in Arizona.
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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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