Changing a Designated Broker for a Real Estate Entity in Arizona

The list below is all of the documents you will be required to submit to change the Designated Broker for a real estate entity/brokerage license. 

Required documents for the incoming Designated Broker

• Entity/Employing Broker License Application/Change Form
• Copy of Articles of Organization, Articles of Incorporation, Articles of Amendment, or Partnership Agreement as applicable
  • Note that if the entity is an LLC, the Designated Broker must be listed in the Articles as a Member or Manager, depending on how the LLC is controlled;
• Resolution to appoint the incoming Broker as Designated Broker of the entity, signed by all officers/members/managers of the entity
• List of names and addresses of all officers, directors, shareholders, members, managers, or partners who hold a 10% or more interest in the company/corporation/partnership
• A completed Disciplinary Action Disclosure Form for all officers, directors, shareholders, members, managers, or partners who hold a 10% or more interest in the company/corporation/partnership
  • If an applicant answers yes on any of these questions, they will also need to provide the applicable documents from the Disclosure Document Checklist.
• Copies of Broker Management Clinic Certificates reflecting completion of BMC #1, BMC #2, BMC #3A or BMC #3B
  • Most Brokers will complete BMC #3A unless they will be conducting property management activity, which requires completion of BMC #3B instead.
• Notification of Storage and Electronic Management Systems Form, if applicable
  • If records will be stored off-site or electronically, this form is required.
• If utilizing Trust Accounts, a copy of each trust account signature card is required.

Required documents for the Outgoing Designated Broker

• Entity/Employing Broker License Application/Change Form
• Signed and dated letter of resignation
• Broker Audit Declaration Form, if not previously completed within the past 12 months

The paperwork for the incoming Designated Broker and outgoing Designated Broker must be submitted together to avoid potential delays.

Note, the entity license expiration date aligns to match the license expiration date of the incoming Designated Broker. If the entity/brokerage expiration date is extended to match the incoming Designated Broker and the entity/brokerage has multiple branch offices, there may be a Branch Office realignment fee outlined on the Department's fee schedule.

Submit the complete package as one PDF through the Message Center.