The proposed bill, HB2009, amends existing Arizona real estate laws to impose stricter regulations on the unlawful division of land into subdivisions. Specifically, it establishes a ten-year period during which individuals or groups acting in concert cannot evade subdivision laws by dividing a parcel of land into six or more lots or selling or leasing those lots through a series of owners or conveyances. The bill also clarifies that a familial relationship alone does not constitute unlawful acting in concert. Additionally, it requires that real estate employment agreements include a specific ascertainable amount or rate of broker compensation and mandates that such agreements be established before a buyer tours any property or before a broker writes a purchase offer.

The bill introduces definitions for terms such as "residential real estate" and "tours any dwelling," and it prohibits brokers from receiving compensation exceeding the agreed-upon rate in the employment agreement. It also emphasizes that any contractual provisions limiting a party's right to participate in zoning changes or other governmental actions are contrary to public policy. Overall, the bill aims to enhance consumer protections in real estate transactions while ensuring compliance with subdivision laws.

Statutes affected:
Introduced Version: 11-831, 32-2181
House Engrossed Version: 11-831, 32-2181
Senate Engrossed Version: 11-831, 32-2151.02, 32-2181, 44-101