Arizona Real Estate Legal Documents

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Commonly Asked Questions about Arizona Real Estate Legal Documents

Does Arizona require a real estate attorney?

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

How many years must a broker retain all documentation relating to real estate activity?

A licensed broker must retain for three years copies of all listings, deposit receipts, canceled checks, trust account records, and other documents executed by or obtained by the broker in connection with any transaction for which a license is required.

How long must electronic real estate transaction files be kept with the broker in Arizona?

The records of each transaction and employment records shall be kept by the broker for a period of at least five years from the date of the termination of the transaction or employment.

How long do realtors have to keep files in Arizona?

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

How long should you keep documents relating to the purchase and sale of real estate?

Three to five years is good rule of thumb for most real estate documents. If you have your original recorded deed, keep it in a secure place forever.

What must be included in an Arizona real estate purchase contract?

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

How long do agents need to keep records?

How long do the records need to be retained? A licensed real estate broker shall retain the records for a period of three years.

What are the six features of a legally valid real estate contract in Arizona?

What are the six essential elements for an enforceable real estate contract? In writing, competent parties, mutual assent, legal consideration, lawful object, legal description. AZ Real Estate contract Time lines Flashcards - Quizlet Quizlet az-real-estate-contract-time-lines-fla Quizlet az-real-estate-contract-time-lines-fla