The Arizona Disclosure Statement is a legal document required for real estate transactions in the state of Arizona. It is a disclosure document used by sellers to provide information about the property to prospective buyers. The document is typically provided at the beginning of a real estate transaction and must be signed by both the buyer and seller. The Arizona Disclosure Statement is required by the Arizona Department of Real Estate and must include information about the property such as its condition, defects, past repairs, and any other information that would be of importance to a buyer. The document also outlines the rights and responsibilities of both the buyer and seller in the transaction. There are two types of Arizona Disclosure Statement: the Residential Disclosure Statement and the Commercial Disclosure Statement. The Residential Disclosure Statement is used for residential real estate transactions and provides information about the condition of the property, defects and other material facts that would be of importance to a buyer. The Commercial Disclosure Statement is used for commercial real estate transactions and includes information about the condition of the property and any potential defects or material facts that the buyer should be aware of.