Arizona Statutes

§ 32-2176 — Payment of finder fees to apartment tenants; limits; prohibited activities; civil penalty; definitions

Arizona·Title 32 Arizona Revised Statutes·Ch. 20 REAL ESTATE·Art. 3. Property Management
A.Notwithstanding sections 32-2155, 32-2163 and 32-2165 or any other provision of this chapter, a property management firm or a property owner may:
1.Pay a finder fee to an unlicensed person who is a tenant in an apartment complex managed by the firm or owned by the owner.
2.Authorize a residential leasing agent or manager to deliver a finder fee to an unlicensed person who is a tenant in an apartment complex managed by the residential leasing agent or manager. A residential leasing agent or manager may not receive a finder fee. This prohibition does not affect the ability of a residential leasing agent or manager to receive a bonus pursuant to section 32-2121, subsection A, paragraph 6.
B.A finder fee paid pursuant to this section shall be a credit toward or reduction in the tenant

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