Skip to main content
  • State of Arizona
  • Visit OpenBooks
  • Ombudsman Citizens Aide
  • Register to Vote
Arizona Department of Real Estate Logo

Main menu

  • Home
  • Licensees
    • Original Licensing Information
    • Online Services
    • Licensing Forms
    • Out-of-State License Recognition
    • Certified License History
  • Developers
    • Development Services Forms
  • Educators
    • Arizona Testing Centers
    • Course Outlines
    • Educator Forms
    • School Login
  • Consumers
    • File a Complaint
    • Consumer Guides Library
    • Topics to Research Before Purchasing Real Estate
    • Property Buyer's Checklist (Home or Land)
    • HOA
    • School District Attendance Boundaries
    • Documents Recorded by ADRE
    • Search Public Database
    • Water Resources and Information
  • FAQs
  • Forms
  • About
    • Commissioner
    • Arizona Real Estate Advisory Board
    • Laws, Rules, Policy Statements and Advisories
    • Investigations
    • Enforcement and Compliance
    • Bulletin Library
    • Small Business Bill of Rights
  • Contact
    • Message Center
    • Licensee Login
    • Employment Opportunities
    • Media and Press Inquiries
    • ADRE Speaker Request
  • Home

Disclosures in a Transaction

In accordance with the Commissioner’s Rule, R4-28-1101 (B), a licensee participating in a real estate transaction must disclose in writing any information the licensee possesses that materially or adversely affects the consideration to be paid by any party to the transaction, including:

  • Any information that the seller or lessor is or may be unable to perform.
  • Any information that the buyer or lessee is or may be unable to perform.
  • Any material defect existing in the property being transferred.
  • The existence of a lien or encumbrance on the property being transferred.

In accordance with the Commissioner’s Rule, R4-28-1101 (E), a licensee shall not act directly or indirectly in a transaction without informing the other parties in the transaction, in writing and before the parties enter any binding agreement, of a present or prospective interest or conflict in the transaction, including that the:

  • Licensee has a license and is acting as a principal.
  • Buyer or Seller is a member of the licensee’s immediate family.
  • Buyer or Seller is the licensee’s employing broker, or owns or is employed by the licensee’s employing broker.
  • Licensee or a member of the licensee’s immediate family has a financial interest in the transaction other than the licensee’s receipt of compensation for the real estate services.

In accordance with the Commissioner’s Rule, R4-28-1101 (F), a licensee shall not accept compensation from or represent more than one party to a transaction without the prior written consent of all parties.

NOTE:  The above listed disclosure issues reflect only those requirements in the Commissioner’s Rules.  Refer to other Federal, State, County and/or City statutes or regulations, which may contain additional required disclosures relating to a real estate transaction.

Persona: 
Investigations
FAQ Category: 
General Information for Consumers

Late Breaking News Sign Up

arizona-logo.png
arizona-logo.png
Arizona Department of Real Estate

100 N 15th Ave #201

Phoenix, AZ 85007

Phone: (602) 771-7700

View in Google Maps

Quick Links:

  • Start Your License
  • Renew My License
  • Download Forms
  • FAQ
  • Contact
  • Social Media Comment Policy
  • Disclaimer Policy
  • EEOA Statement
Copyright © 2020, Arizona Department of Real Estate. All rights reserved.