Arizona HB4086 requires escrow agents to notify the state real estate department about pending real estate sales or transfers.

Arizona HB4086 mandates that escrow agents notify the state real estate department about pending real estate sales or transfers. This includes providing details such as the names of all owners, the assessor parcel number, and the mailing address of the property. The bill also establishes an early alert system to notify individuals of pending sales or transfers, though participation is voluntary. Additionally, it creates a real estate department education revolving fund to support educational efforts for licensees and the public.

Arizona HB4086 requires escrow agents to notify the state real estate department about pending real estate sales or transfers.

Arizona HB4086 mandates that escrow agents notify the state real estate department about pending real estate sales or transfers. This includes providing details such as the names of all owners, the assessor parcel number, and the mailing address of the property. The bill also establishes an early alert system to notify individuals of pending sales or transfers, though participation is voluntary. Additionally, it creates a real estate department education revolving fund to support educational efforts for licensees and the public.