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Commonly Asked Questions about Arizona Real Estate Documents

five years Answer: Arizona law requires that real estate brokers keep records of all real estate sales for at least five years, but there is no Arizona law requiring sellers to keep records of real estate sales. How long should you keep home sale documents? - Combs Law Group Combs Law Group keeping-home-sale-documents Combs Law Group keeping-home-sale-documents
In Arizona, anything material that the seller knows must be disclosed to the buyer, even if the buyer did not specifically inquire about it, is required to be disclosed. Understanding the Scope of Real Estate Disclosures in Arizona Fraud Fighters Law Firm understanding-the-sco Fraud Fighters Law Firm understanding-the-sco
Arizona law requires the seller to disclose material (important) facts about the property, even if you are not asked by the buyer or a real estate agent. These disclosure obligations remain even if you and the buyer agree that no Sellers Property Disclosure Statement (SPDS) will be provided.
Only if the house was responsible for someone dying (mold, faulty staircases, etc.). Per Arizona stigmatized property laws, sellers, landlords, and Realtors dont have to disclose that a natural death, a suicide, or a homicide has happened in their property.
What Must Be Included in an Arizona Real Estate Contract? Property disclosure statement. Buyer inquiry. Comprehensive loss underwriting exchange (CLUE). Condo disclosure information. Notice of soil remediation. Disclosure affidavit for land in unincorporated areas. Military airport disclosure. Arizona Real Estate Contract: Everything You Should Know Contracts Counsel real-estate-contract Contracts Counsel real-estate-contract
Owner/Agent Disclosure Is Required: Any licensee advertising their own property for sale, lease, or exchange must disclose the licensees status as a salesperson or broker and as the property owner by placing the words owner/agent in the advertisement.
In Arizona, anything material that the seller knows must be disclosed to the buyer, even if the buyer did not specifically inquire about it, is required to be disclosed.
Although you arent required to use a residential real estate attorney when buying, selling, or building a home, the law surrounding the process is complicated and it is often wise to at least consult with a lawyer to make sure youre informed about potential issues and roadblocks. Arizona Real Estate Law - Harper Law PLC Harper Law PLC arizona-real-estate-law Harper Law PLC arizona-real-estate-law