Current through Register Vol. 48, No. 14, April 8, 2022
broker shall provide a copy of the agency disclosure to the party or parties
the broker represents.
seller's retailer shall place all earnest money deposits received in connection
with the sales transaction in the retailer's trust or escrow account in
accordance with A.R.S. §
except as provided in the exception provision.
Upon consummation of a brokered
transaction, the seller's broker shall provide the seller with a closing
statement that includes an accounting of all expenses charged to the seller,
all pro rations, and all credits.
Upon consummation of a brokered transaction, the purchaser's
broker shall provide the purchaser with a closing statement that includes an
accounting of all expenses charged to the purchaser, all pro rations, and all
D. In a
co-brokered transaction, the seller shall pay the commission shown on the
listing agreement as the total commission.
E.The seller's broker
shall prepare an addendum to the listing agreement if any of the terms of the
listing agreement change. The seller's signature is required for the addendum
to be valid. The addendum to the listing agreement shall reflect the date the
seller signs the addendum to the listing agreement.
If the seller or
broker elects to finance the unpaid balance reflected on the offer to purchase
or purchase contract, the broker shall:
Maintain evidence of the original portion of the purchase price being financed
by the seller or broker, and
Maintain evidence the title has been transferred into the name of the purchaser
and the lienholder's position has been secured on the