Internet or Print Advertisements of Subdivided Lots

Several new bills impacting the real estate industry passed through the Arizona State Legislature recently. Included isĀ Senate Bill 1136 (Effective July 29, 2010), regarding subdivision public reports (ARS 32-2183 [J]), which requires that any print or internet advertisement that advertises a specific lot or parcel for sale must include a disclosure statement that states, “A public report is available on the State Real Estate Department’s website.” [www.azre.gov]

This bill is a result of an agreement between the Arizona Department of Real Estate and the Home Builders Association of Central Arizona. The effective date of the bill is July 29, 2010.

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