Transcription of Arizona Department of Real Estate - azre.gov
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Revised January 2018 Arizona Department of real Estate Model Broker s Policy and Procedures Manual Douglas A. Ducey Governor Judy Lowe Commissioner Page 1 of 33 ADRE Model Broker s Policy and Procedure Manual Page Numbers Table of Contents 1-3 Introduction 4 Notice of Disclaimer 4 Definitions 5 ADRE Requirements 6 Office Policy Manual 6 Company Policies 7 Advertising 7 Affiliated Business Agreement (ABA) RESPA 8 Agency Relationships 8 Annual 1099 Reporting 9 Anti-Trust Compliance 9 Commissions / Compensation 9 Commission Disputes 10 Collection of Commissions 11 Compensation Agreement 11 Referral and Finder Fees 11 Deferred Commissions 12 Shared Commissions Between Licensees 12 Company Compens
broker to convey to licensed and unlicensed persons in the broker's employ how that broker operates their business, and the manner in which the broker expects salespersons and associate brokers to handle the day-to-day activities of a real estate Sales Associate. The broker should “tailor” this model to fit the needs of the brokerage.
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