SB1219 Real Estate Licensees – Effective July 29, 2010

• Four year real estate license period will become two year license period.
• A Criminal Clearance Card will be required at time of licensing (instead of fingerprint card).
• Business Broker license requirement is further defined.
• Licensee may cancel their real estate license.
• A licensee may surrender their real estate license prior to hearing on an investigation, with the understanding that they could never have an Arizona Real Estate license again.

 

SB1136 – Subdividers: public reports: Internet advertisement – effective July 29, 2010.

• Requires a subdivider to include a disclosure stating that a public report in available on the ADRE’s website in a print advertisement in a magazine or newspaper or on an internet advertisement, which advertises a specific lot or parcel.
• Requires the disclosure to state, “a public report is available at the State Real Estate Department’s website.”
• Makes technical and conforming changes.