Arizona Required Disclosures & Escrow/Trust Timeframes

📋 The 1-minute cheat sheet

• Sellers commonly provide the Seller Property Disclosure Statement (SPDS) on residential resales.
• Material facts that affect value or desirability must be disclosed.
• Arizona is a community property state, which can affect title and signatures.
• Earnest money and client funds must be placed in a trust account.
• Trust funds must be deposited promptly per ADRE rules and not commingled.
• Designated broker is accountable for proper handling and reconciliation of trust accounts.
• Escrow holds and disburses funds per the parties' written instructions.