Auditing Division
Auditing Division
The Department’s Auditors are tasked with ensuring Broker compliance with the Arizona Revised Statutes (A.R.S.), Title 32, Chapter 20, et al, and the Commissioner’s Rules [Arizona Administrative Code (A.A.C.), Title 4, Chapter 28, et. al] through the performance of random Broker Audits. While education is not the primary purpose of a Department Audit, the Audit Report and Auditing staff provides information to Brokers to assist the Brokers in coming into compliance with the applicable statutes and rules whenever possible.
During a Department Audit, the Auditing staff will review, but are not limited to reviewing:
1. Signage and license display
A.R.S. § 32-2126(B)
A.R.S. § 32-2127(B)
A.R.S. § 32-2128
2. Employee files
A.R.S. § 32-2151.01
3. Broker’s operating and/or commission account
A.R.S. §32-2155
A.R.S. § 32-2163(A) & (B)
4. Broker’s Policy and Procedure Manual
R4-28-1103(A)
5. Delegations of Authority for Broker duties and Broker Temporary Absences
A.R.S. § 32-2151.01(G)
A.R.S. § 32-2127(D)
R4-28-304(B)
6. Sales, Listing, Leasing and/or Property Management Logs
A.R.S. § 32-2151.01(E)
A.R.S. § 32-2175(E)
7. Sales files for completeness and timely documented broker review
A.R.S. § 32-2151.01
8. Transactions in which licensees acted as a principal
R4-28-1101(E)
9. Property Management Agreements
A.R.S. § 32-2173
10. Broker Trust bank accounts, including bank statements and monthly trust account reconciliations
A.R.S. § 32-2151
11. Client and Tenant Ledgers, Liability Balances and Monthly Reports
A.R.S. § 32-2175(C)
12. Checkbook register (receipts and disbursement journal)
A.R.S. § 32-2151(B)(2)
13. Trust Account signature cards
A.R.S. § 32-2174
To contact the Auditing Division, click here.