Archive for the ‘Statutes’ Category

Assured Water Supply and CAGRD

Thursday, February 21st, 2008

Living in the desert, and in a generally dry state, we're all interested in a continuous, abundant supply of water for life and leisure. The Commissioner of the Department of Real Estate is charged with helping to assure that is the case.

“Sub-Ex” or Subsequent Owner Exemptions

Friday, January 25th, 2008

New!! (updated 2-8-08) The Commissioner has issued an advisory relaxing the rules a little bit on "Subsequent Owner" exemptions. The sub-ex has been applicable only for a Public Report of a previous Subdivider that was dated within the past two years. Now, by petitioning the Commissioner, a Public Report dated earlier ...

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 ...

Condo Recovery Fund Established

Wednesday, September 19th, 2007

Arizona has established a recovery fund for condominiums that fail to get constructed. DRE will begin collecting $10.00 per condominium unit when applying for a Public Report. Follow the link: www.azleg.gov