distressed residential property

This bill amends Arizona's real estate laws by updating and clarifying definitions used in the state's real estate chapter. It directly affects real estate brokers, salespersons, developers, and other professionals who sell land, properties, or related services. The key changes include refined definitions for terms like "acting in concert," "common promotional plan," "contiguous," and specific categories such as "cemetery broker" and "business broker." These updates aim to provide clearer guidance on what constitutes regulated real estate activities and how different property types and relationships are classified under state law.