Form AUD-101 (COM-500) Property Management Trust Account Reconciliation - Arizona

What Is Form AUD-101 (COM-500)?

This is a legal form that was released by the Arizona Department of Real Estate - a government authority operating within Arizona. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form AUD-101 (COM-500)?A: Form AUD-101 (COM-500) is the Property Management Trust Account Reconciliation form used in Arizona.

Q: What is a Property Management Trust Account?A: A Property Management Trust Account is a bank account used by property managers to hold funds on behalf of their clients.

Q: What is the purpose of Form AUD-101 (COM-500)?A: The purpose of Form AUD-101 (COM-500) is to reconcile the transactions and balances of a Property Management Trust Account.

Q: Who is required to file Form AUD-101 (COM-500)?A: Property managers in Arizona are required to file Form AUD-101 (COM-500) to report and reconcile their Property Management Trust Account.

Q: How often should Form AUD-101 (COM-500) be filed?A: Form AUD-101 (COM-500) should be filed on a monthly basis.

Q: Are there any penalties for not filing Form AUD-101 (COM-500)?A: Yes, failure to file Form AUD-101 (COM-500) may result in penalties or disciplinary actions against the property manager's license.

Q: Are there any specific instructions for completing Form AUD-101 (COM-500)?A: Yes, detailed instructions for completing Form AUD-101 (COM-500) are provided on the form itself.

Q: Is there a fee for filing Form AUD-101 (COM-500)?A: No, there is no fee for filing Form AUD-101 (COM-500).