Archive for November, 2007

Financial Assurances

Tuesday, November 27th, 2007

Rules of the Commissioner of the Arizona Department of Real Estate require that assurances be provided for completion of all public and private common-area subdivision facilities (as defined by the DRE) prior to issuance of a Public Report and prior to acceptance of any binding contract for sale [See the ...

When do I need a Public Report to sell lots or condominium units?

Tuesday, November 27th, 2007

By law, A.R.S. 32-2101(54), you are a "Subdivider" if you own or have owned 6 or more lots in a single platted subdivision and offer any number of them for sale, regardless if you are an individual or a "builder" entity. All Subdividers are required to obtain a Public ...