The proposed bill modifies the requirements for the affidavit of disclosure related to the sale of parcels of land in unincorporated areas of Arizona. Key changes include the requirement for licensed escrow agents to record the executed affidavit at the same time as the deed, and they will not be held liable for inaccuracies in the affidavit. The bill also expands the disclosures required in the affidavit, such as details about private wells, wastewater treatment facilities, and the responsibilities of buyers regarding water supply and inspection.

Additionally, the bill clarifies the definitions of sellers and subsequent sellers, exempting personal representatives acting on behalf of estates from these definitions. It introduces new questions regarding the status of water supply and wastewater systems, and it emphasizes the buyer's responsibility to inspect private wells. The bill also includes a notice about the legality of cesspools and outlines the consequences of failing to comply with subdivision laws. Overall, the bill aims to enhance transparency and protect buyers in real estate transactions involving land divisions.