A. The designated broker‘s and, if applicable, the employing broker‘s license certificate shall be prominently displayed in the office of the broker, and all other license certificates shall be readily available. A salesperson‘s or associate broker‘s license certificate shall remain in the possession of the employer until it is cancelled, terminated, suspended or revoked by the department or until the licensee is severed from employment, when the designated broker shall dispose of the license certificate.

Terms Used In Arizona Laws 32-2128

  • Associate broker: means a licensed broker who is employed by another broker. See Arizona Laws 32-2101
  • Broker: when used without modification, means a person who is licensed as a broker under this chapter or who is required to be licensed as a broker under this chapter. See Arizona Laws 32-2101
  • Department: means the state real estate department. See Arizona Laws 32-2101
  • Designated broker: means a natural person who is licensed as a broker under this chapter and who is either:

    (a) Designated to act on behalf of an employing real estate, cemetery or membership camping entity. See Arizona Laws 32-2101

  • Employing broker: means a person who is licensed or is required to be licensed as a:

    (a) Broker entity pursuant to section 32-2125, subsection A. See Arizona Laws 32-2101

  • License: means the whole or part of any agency permit, certificate, approval, registration, public report, charter or similar form of permission required by this chapter. See Arizona Laws 32-2101
  • Licensee: means a person to whom a license for the current license period has been granted under any provision of this chapter, and, for the purposes of section 32-2153, subsection A, includes original license applicants. See Arizona Laws 32-2101
  • Salesperson: when used without modification, means a natural person who acts on the person's own behalf or through and on behalf of a professional limited liability company or a professional corporation licensed under this chapter or any person required to be licensed as a salesperson under this chapter. See Arizona Laws 32-2101

B. A designated broker may comply with the possession requirements for a salesperson’s or associate broker’s license certificate prescribed by subsection A of this section by doing both of the following:

1. Accessing the licensee’s record in the department’s public database that the department posts on its website.

2. Printing a copy of the record that shows current and active licensure or having the record available electronically.

 

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