Internet or Print Advertisements of Subdivided Lots
May 27, 2010 – 10:50 amSeveral new bills impacting the real estate industry passed through the Arizona State Legislature recently. Included is 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.
