ADRE LAW BOOK 2025

B. A designated broker shall establish a system for monitoring compliance with statutes, rules, and the employing broker’s policies, procedures, and systems. C. A designated broker shall supervise associate brokers, salespersons, and employees of the em ploying broker and shall exercise reasonable supervision and control over activities by the employ ing broker for which a license is required. D. An employing broker is responsible for the acts of all associate brokers, salespersons, and other employees acting within the scope of their employment. E. A designated broker may use the services of employees to assist in administering the provisions of this Section but shall not relinquish overall responsibility for supervision and control of the acts of the employing broker’s employees. F. A designated broker who, upon learning of a violation of real estate statutes or rules by a sales person or associate broker under the broker’s supervision, immediately reports the violation to the Department is not subject to disciplinary action by the Department for failure to supervise the salesperson or broker. G. If an employing broker maintains one office and employs a designated broker, no more than one other licensed person, and no more than one unlicensed person, the employing broker and desig nated broker are not required to develop and maintain written policies, procedures, and systems as described in subsection (A). PART A. APPLICATION FOR PUBLIC REPORT, CERTIFICATE OF AU THORITY, OR SPECIAL ORDER OF EXEMPTION R4-28-A1201. Development Name; Lot Sales; Applicant A. Any person may submit a development application for a public report, a certificate of authority, or a special order of exemption, provided the applicant has a recorded ownership interest in the land, such as a deed, option, beneficial interest in a trust, or other recorded interest approved by the Commissioner. The application for a public report or certificate of authority shall contain the following information, as applicable: 1. The name of the development or cemetery, as shown on the recorded map, and the mar keting name if one will be used; 2. The list of the lots to be offered, including the description of the sales offering; 3. The name, address, telephone number, and fax number, if any, of the applicant; and 4. The applicable information in this Article, Parts A and B. B. If the applicant is a corporation, the application shall contain the following information: 1. A Certificate of Good Standing from the Arizona Corporation Commission, dated no earlier than one year from the date of the application; 2. A corporate resolution, authorizing the person signing the application on behalf of the corporation; and 3. The name and address of each officer, director, and shareholder controlling or holding more than 10% of the issued and outstanding common shares, or 10% of any other propri etary, beneficial, or membership interest in the entity. C. If the applicant is a partnership, the application shall contain the following information: 1. A copy of all partnership agreements; 2. Proof of registration with the Secretary of State if any partnership is a limited partner ship, foreign or domestic; 204