10. Sale/Lease Transaction Records

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The broker maintains legible copies of transaction documents required by law to be kept for 5 years after termination (close) of a transaction. A.R.S. §§ 32-2151.01(A) and 32-2153(A)(18) 32-2151.01: Broker requirements; record-keeping requirements; definition A. Each licensed employing broker shall keep records of all real estate, cemetery, timeshare, or membership camping transactions handled by or through the broker […]

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9. Section 2 Exam – BMC # 1 Statutes and Rules 11. Earnest Deposits