Arizona Contract/Transaction Specifics

Arizona requires salespersons to complete a dedicated 6-hour contract writing course because licensees regularly prepare and complete standard purchase contracts and addenda. Residential resale sellers commonly provide the Seller Property Disclosure Statement (SPDS), and material facts affecting value must be disclosed to buyers. Because Arizona is a community property state, marital property interests can affect who must sign listing and sale documents to convey clear title. Earnest money and other client funds must be deposited promptly into a trust account and handled per ADRE rules and the parties' written instructions.