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The Arizona Constitution does not require that an individual be an attorney to prepare real estate transaction instruments. However, the purchase contract, disclosure, assignments, releases, and other forms related to the transfer are legally-binding documents.
The Department regulates real estate, cemetery and membership camping brokers and salespersons. It approves and monitors pre-licensing instruction, testing, and continuing education courses.
The majority of states require real estate attorneys to deal with property transactions. The homebuying and selling process is fairly different in Arizona, where they do not require real estate attorneys to oversee the transaction. Instead, they use an escrow agent.
Steps Required to Close On a Home in Arizona For example, Arizona does not require an attorney review. Buyers and sellers generally have separate signing meetings. So, unlike other states, a formal sit down with the buyer, seller, attorney, agents and bankers may never happen.
Hourly rates in Arizona by practice area Practice AreaAverage Hourly RateReal Estate$229Small ClaimsCurrently unavailableTax$300Traffic Offenses$16927 more rows