Arizona Broker Management Clinic 2 Broker Policies

This course reviews the statutes and rules that govern broker duties, outlines the kind of policies and procedures manual a broker needs as part of exercising control and surveys a number of important policies a broker needs to be developed as part of the supervisory and control process. It will also describe major features of short sales, covering the financial circumstances of the parties involved and the question of whether a short sale is appropriate for them. It explains the agent’s role in working with short sale buyers and sellers, surveys the contents of a short sale package to be submitted to a lender, and discusses some special legal concerns with short sales. It will provide a quick overview of major aspects of property management and reviews the laws that govern property management activities in general and the handling of trust funds in particular. This course will help property managers to understand what a lease is, what it conveys, how different leases function, how their terms are specified, and how they can be terminated. It also reviews the Department’s enforcement powers and processes and examines actual cases in which these powers were applied.