In Arizona, it is illegal for real estate agents to offer legal advice to their clients. A real estate professional is not a legal professional and should never act like one. The National Association of Realtors® Code of Ethics states that REALTORS® are not allowed to practice law as an agent. Therefore, real estate agents cannot draft legal documents or give legal advice to buyers or sellers. If you need legal advise pertaining to a real estate transaction please contact your attorney.
Fair Housing Act
On April 11, 1968, President Lyndon Johnson signed the Civil Rights Act of 1968, which was meant as a follow-up to the Civil Rights Act of 1964. The 1968 act expanded on previous acts and prohibited discrimination concerning the sale, rental, and financing of housing based on race, religion, national origin, sex, (and as amended) handicap and family status.
For Sale Signs Laws
A covenant, restriction or condition contained in any deed, contract, security agreement or other instrument affecting the transfer or sale of any interest in real property shall not be applied to prohibit the indoor or outdoor display of a for sale sign and a sign rider by a property owner on that person’s property, including a sign that indicates the person is offering the property for sale by owner. The size of a sign offering a property for sale shall be in conformance with the industry standard.
Register of Contractor
The ARIZONA REGISTER OF CONTRACTORS promotes quality construction by Arizona contractors through a licensing and regulatory system designed to protect the health, safety and welfare of the public.
Arizona Public Reports
Upon acquiring fee title or an equitable interest in the 6th lot within a single platted subdivision, a Public Report is required prior to its sale.
Community Property
Community property states implement the policy that, when a couple gets a divorce, all of their marital property will be equally divided between them.
Real Estate Settlement Procedures Act
Real Estate Settlement Procedures Act (RESPA), was an act passed by the United States Congress in 1974 to protect the consumer when buying or selling a home.
Anti-Deficency Statutes
In Arizona, absent some agreement, rule or statute to the contrary, a lender can generally seek a deficiency judgment after foreclosing on a property securing a loan, if the property does not sell for enough money to satisfy the debt in full.
