Who may act as a signer on the broker’s trust account?

The broker shall grant authority to withdraw monies from the broker’s trust account only to persons licensed under the broker’s license (A.R.S. § 32-2151.01.B) or an unlicensed person in the direct employ of the broker (A.R.S. § 32-2174.C). Therefore, if a licensee has ownership of one brokerage with a trust account (“Brokerage A”) but is licensed under another brokerage (“Brokerage B”), the licensee / owner may not be a signer on the broker’s trust account for Brokerage A.