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What is the required timeframe for broker review of transaction documents?

The designated broker is required to review each listing agreement, purchase or nonresidential lease agreement or similar instrument within ten (10) business days of the date of execution by placing the broker’s initials and date of review on the same page as the signature of the parties. (A.R.S. § 32-2151.01.G)

Persona: 
Auditing
FAQ Category: 
Broker Supervision

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Arizona Department of Real Estate

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Phoenix, AZ 85007

Phone: (602) 771-7700

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