Land Use & ZoningIntermediateArizona Exam
Arizona's Subdivision Public Report issued by ADRE is required when:
AA property is sold in any county with more than 100,000 residents
BA developer divides land into 6 or more lots for saleCorrect
CAny commercial property changes ownership
DA landlord rents more than 5 units
Why A developer divides land into 6 or more lots for sale Is Correct
Answer B: A developer divides land into 6 or more lots for sale
Arizona requires a developer to obtain a Public Report from the ADRE before selling or offering to sell subdivided land of 6 or more lots. Buyers must receive and sign the Public Report before the purchase agreement is binding.
Key Land Use & Zoning Terms in This Question
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Key Terms to Know
Purchase Agreement
A legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Fee SimpleThe highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
State-Specific Concepts
DRE Regulation
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