Arizona Subdivision law Selling and Leasing Flashcards Preview

SCC REA 201 > Arizona Subdivision law Selling and Leasing > Flashcards

Flashcards in Arizona Subdivision law Selling and Leasing Deck (6)
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1
Q

Improved Lot or Parcel

A

A lot or parcel featuring a residential commercial, or industrial building. Also considered improved if there is a contract to build within 2 years

2
Q

Interstate

A

Existing or carried between states

3
Q

Interstate Land Sales Full Disclosure Act

A

Regulates the sale or lease when developers of 25 or more unimproved lots in a subdivision sell or lease to citizens of another state as part of a Common Promotional Plan

4
Q

Lot Reservation

A

An expression of interest by a prospective purchaser in buying a subdivided or unsubdivided lot, unit, or parcel

5
Q

Marketing Requirement

A

Within 10 days after request of Commissioner submit a copy of advertising

6
Q

One of these three procedures must be used in sale of unimproved parcels…

A

Seller financing, escrow agent, trustee

Decks in SCC REA 201 Class (75):