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Ch 17: Engaging in Arizona Real Estate

About This Chapter

Allow us to guide your studies on how to practice real estate in Arizona by working through the chapter. With the help from our professional instructors, you can master the concepts that will help you understand the licensing requirements and consumer fraud protection in Arizona.

Engaging in Arizona Real Estate - Chapter Summary

You must understand the specific real estate laws and requirements if you want to practice in the state of Arizona, and this chapter will teach you everything you need to know. Topics that will be covered in this chapter include:

  • Difference between Arizona's real estate laws and national real estate statutes
  • Arizona real estate commissioner duties
  • Licensing requirements for Arizona real estate agents
  • Relationship between consumer fraud protection and real estate
  • Arizona water law
  • Sale and purchase of real estate in Arizona
  • Information about zoning, building codes, and warranties in Arizona
  • Types of real estate ownership in Arizona
  • Real estate property transfers in Arizona
  • Finance and property tax
  • Impact of foreclosure in Arizona
  • Leasing and property management rules and regulations

Every lesson in this chapter is paired with a self-assessment quiz. This allows you to test yourself on what you have just reviewed and learned in the chapter. If you are ever stuck on a specific topic or lesson in the chapter, our professional instructors are here to help you. They can answer any questions you might have on the material.

12 Lessons in Chapter 17: Engaging in Arizona Real Estate
Test your knowledge with a 30-question chapter practice test
Arizona Real Estate: Rights & Statutes

1. Arizona Real Estate: Rights & Statutes

For real property in Arizona, licensed salespeople and real estate agents must abide by the rights and statues. The agent must follow the Arizona Constitution Article 26 and other specific laws relating to advertising, licenses, compensation, record keeping, documentation, agency relationships, and handling of funds.

Arizona Real Estate Commissioner: Duties & Powers

2. Arizona Real Estate Commissioner: Duties & Powers

Arizona's real estate law was enacted to protect the public but the law can't enforce itself. That's the job of the real estate commissioner. Learn about the duties and powers of the Arizona state real estate commissioner.

Arizona Real Estate Licensing & Continuing Education

3. Arizona Real Estate Licensing & Continuing Education

Did you know that anyone who is a legal resident of the United States may qualify for a real estate license in Arizona? Learn what makes Arizona different from other states and what you need to know to get started.

Arizona Real Estate Consumer Fraud Protection

4. Arizona Real Estate Consumer Fraud Protection

One powerful legal protection for consumers is the Arizona Consumer Fraud Act. Sometimes called a 'deceptive practices' act, this statute requires sellers and their agents to engage in truthful advertising and honest negotiations. Learn about this act and how it can help consumers harmed by real estate fraud.

Arizona Water Law & Real Estate

5. Arizona Water Law & Real Estate

There are several legislative acts and programs that govern and affect water laws in real estate transactions. The supply of groundwater and surface water (or lack of supply) is one of the biggest factors when buying real estate in Arizona.

Arizona Environmental Law & Real Estate

6. Arizona Environmental Law & Real Estate

The state of Arizona complies with all federal laws and standards set in forth by the U.S. EPA, including CERCLA and SARA. Arizona also has specific requirements for real estate environmental hazards. The Arizona Department of Environmental Quality oversees many of these hazards as well as the cleanup of these contaminated real estate properties.

Arizona Real Estate: Property Descriptions & Disclosures

7. Arizona Real Estate: Property Descriptions & Disclosures

Many people may think that a property description is what they read in a real estate ad. What they may not think about is that below the home's surface is a piece of land with own unique description. In this lesson, we will explore the real description of a property and what a seller must disclose to a homebuyer in Arizona.

Arizona Real Estate: Ownership & Encumbrances

8. Arizona Real Estate: Ownership & Encumbrances

When it comes to purchasing real estate in Arizona, there are many important things to consider from the different types of ownership to encumbrances or liens to the common property law which can impact how marital income and property are treated.

Property Transfers in Arizona Real Estate

9. Property Transfers in Arizona Real Estate

Perhaps you have heard someone say, 'I just closed escrow'. Learn how the escrow process works in Arizona to transfer real estate to a home buyer from a seller.

Arizona Real Estate: Finance & Property Taxes

10. Arizona Real Estate: Finance & Property Taxes

In Arizona, real estate property tax rates and financial documents can be complicated. This lesson starts with understanding how effective property tax rates are used to compare the tax burden across the state. Property tax concepts, foreclosure, financing documents and escrow are also explored in detail.

Foreclosure in Arizona Real Estate

11. Foreclosure in Arizona Real Estate

When the U.S. economy recently slipped into a recession, Arizona's real estate market was one of the hardest hit. Properties once sold to the highest paying homebuyer were being auctioned off to the highest bidder at foreclosure auctions. In this lesson, we will explore how the foreclosure process works in Arizona.

Arizona Real Estate: Leasing & Property Management

12. Arizona Real Estate: Leasing & Property Management

Arizona has many unique real estate rules that set it apart from other states. In this lesson, we'll review rules related to leasing and property management, landlord and tenant regulations, and more.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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