Arizona Real Estate Law Affidavit of Property Value (APV) A document filed at AZ closings stating the sale price for assessor records.
Arizona Real Estate Law ALTA Plain Language Closing Form A simplified closing statement used in many Arizona transactions to make charges clear.
Arizona Real Estate Law Arizona 20-Day Preliminary Notice A required notice contractors must serve within 20 days to preserve mechanic’s lien rights in AZ.
Arizona Real Estate Law Arizona Anti-Deficiency Statute A.R.S. §§ 33-729 & 33-814 protecting homeowners on 1-2 unit residential property up to 2.5 acres from deficiency judgments.
Arizona Real Estate Law Arizona Condominium Act A.R.S. Title 33 Chapter 9 — governs condominium creation, governance, and disclosures in AZ.
Arizona Real Estate Law Arizona Conveyance Tax Arizona does NOT impose a state transfer tax on real estate conveyances — a buyer-friendly feature.
Arizona Real Estate Law Arizona Deed of Trust The primary security instrument used in AZ home loans, with a trustee holding bare title.
Appraisal & Valuation Assessment The dollar value placed on a property by a local government for tax purposes.
Appraisal & Valuation Broker’s Price Opinion (BPO) A broker’s estimate of value, less formal than a full appraisal.
Appraisal & Valuation Comparable Sale (Comp) A recently sold property similar in size, location, and condition used for valuation.
Appraisal & Valuation Comparative Market Analysis (CMA) An agent’s report comparing recent sales to estimate a listing or offer price.
Appraisal & Valuation Cost Approach A valuation method estimating the cost to rebuild less depreciation, plus land value.
