Broker Supervision & Control Audit Declaration Requirements

• All designated (including self employed) brokers are required to complete a Broker Supervision & Control Audit Declaration Form every two (2) years.  The due date is the broker’s individual license renewal date.  The broker is allowed to submit the Audit Declaration up to sixty (60) days prior to the renewal date.
  A.R.S. 32-2153 (A)(17) and A.A.C. R4-28-303 (A)(2)(F)



• The Broker Audit Declaration is a self-audit conducted by each Designated Broker and submitted as a part of the broker’s license renewal packet.  This form provides the broker the opportunity to review the operation of the office and to correct any deficiencies without the involvement of the Department.  It also provides valuable information to the Auditing Division in that it identifies those brokers who have trust accounts, conduct property management activities, and other areas of concern.



• The Audit Declaration Program does not replace nor preclude the Department from conducting field audits as necessary.
  A.R.S. 32-2108(A), 32-2151.01 (A) and 32-2175 (H)



• The Audit Declaration is an important report that will become public record and be kept by the Department for at least five (5) years.  (Note: Bank account numbers and other confidential information are not public record and are redacted before audit declarations are released in public record requests.)

rev. 11/06