What Realtors Need to Know About Enviromental Disclosure in Arizona

Oct 05

Arizona’s HB 2779

Arizona’s House Bill 2779 provides for hazard disclosure in real property transactions. The new law took effect on September 21, 2006. Reports will become obtainable based on officially adopted and electronically posted or otherwise readily available governmental maps or information that discloses whether the real property is subject to any of the following:

1. FLOOD HAZARDS
2. MILITARY AIRPORTS AND ANCILLARY MILITARY FACILITIES
3. MILITARY TRAINING ROUTES AND MILITARY RESTRICTED AIRSPACE
4. PUBLIC OR PRIVATE AIRPORTS
5. EXPANSIVE SOILS
6. SOILS SUBJECT TO FISSURES
7. SPECIAL TAX ASSESSMENT AREAS
8. RADON GAS POTENTIAL ZONES
9. ENVIRONMENTAL HAZARD SUPERFUND SITES

Protect Yourself
While hazard disclosure reports are not mandated by the new law, it protects the buyer and seller as well as the real estate agent from potential liability. Over 90% of environmental investigations on residential property show no risks to kill a real estate deal . . . so in most cases, environmental disclosure won’t hurt you, but not disclosing environmental information certainly can.

Get It All in 1 Report
The good news is that many Arizona home inspectors will be selected for training by Environmental Data Resources, Inc. to provide an Environmental Disclosure Report. Home inspectors will become the trusted provider of environmental risk information accessing the largest collection of local, state, and federal information in the country. Trained local home inspectors are able to answer questions and deliver environmental disclosure information in a way that does not raise unnecessary concern.

Get peace of mind with information outlined in Arizona’s HB 2779, simply request an Environmental Disclosure Report with your home inspection.

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