Arizona
License Portability Recognized: Yes
- Physical Location State (Limited): An out-of-state licensee can enter into a co-brokerage agreement with a licensed broker in this state, but the out-of-state licensee is prohibited from entering the state to work on the transaction.
- The out-of-state licensee must agree to the following in the co-brokerage agreement; a) become subject to AZ law, b) AZ broker is responsible for the out-of-state licensee, c) negotiations in AZ, or with AZ property owners, are conducted through AZ broker, and d) all trust funds are handled in accordance with AZ law.
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