wholesale real estate buyers; disclosure
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HB 2747 — wholesale real estate buyers; disclosure
Last action — Signed by Governor
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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✓Passed House
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✓Passed Senate
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced February 08, 2022. Enacted.
Prognosis
Where this bill stands today.
Odds of enactment
HighHow often bills like it became law.
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Enacted
Current position in the legislative process.
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2 sponsors
1 primary, 1 co-sponsors signed on.
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Mixed recorded votes
2 passed, 2 failed in recorded votes so far.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
Bill Text
What changed in the latest version
3 added · 0 removedPlain-language change summary
The bill HB 2747 has added a new section that confirms it was officially approved by the governor and filed with the Secretary of State on April 22, 2022. This change is important because it officially records the bill's enactment date, making it clear when it became law and ensuring proper tracking and reference in legal contexts.
disclosure State of Arizona House of Representatives Fifty-fifth Legislature Second Regular Session CHAPTER 170 HOUSE BILL 2747 AN ACT AMENDING TITLE 44, ARIZONA REVISED STATUTES, BY ADDING CHAPTER 15.1;
APPROVED BY THE GOVERNOR APRIL 22, 2022.
FILED IN THE OFFICE OF THE SECRETARY OF STATE APRIL 22, 2022.
View plain text versions (6)
- Chaptered Chaptered Version Current pdf
- Engrossed House Engrossed Version pdf
- HOUSE - Commerce View text pdf
- Amended HOUSE - Amended by COM - passed pdf
- Amended HOUSE - Floor Amend to Bill - Espinoza - passed pdf
- Introduced Introduced Version pdf
AI-generated reading aid from the bill's amendatory text — verify against the official bill.
The bill establishes new disclosure requirements for wholesale buyers and sellers of residential real property in Arizona.
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Title 44, Arizona Revised Statutes, chapter 15.1
CHAPTER 15.1 RESIDENTIAL PROPERTY ARTICLE 1. GENERAL PROVISIONS 44-5101. Wholesale buyers; wholesale sellers; disclosure; unlawful practice; definitions A. BEFORE THE PARTIES ENTER INTO ANY BINDING AGREEMENT: 1. A WHOLESALE BUYER OF RESIDENTIAL REAL PROPERTY SHALL DISCLOSE IN WRITING TO THE SELLER THAT THE BUYER IS A WHOLESALE BUYER. 2. A WHOLESALE SELLER OF RESIDENTIAL REAL PROPERTY SHALL DISCLOSE IN WRITING TO THE BUYER THAT THE SELLER IS A WHOLESALE SELLER THAT HOLDS AN EQUITABLE INTEREST IN THE REAL PROPERTY AND THAT THE WHOLESALE SELLER MAY NOT BE ABLE TO CONVEY TITLE TO THE PROPERTY. B. NOTWITHSTANDING ANY OTHER PROVISIONS CONTAINED IN THE CONTRACT FOR SALE, IF A WHOLESALE BUYER VIOLATES THIS SECTION, THE SELLER MAY CANCEL THE CONTRACT FOR SALE AT ANY TIME PRIOR TO THE CLOSE OF ESCROW WITHOUT PENALTY AND MAY RETAIN ANY EARNEST MONEY PAID BY THE WHOLESALE BUYER. C. NOTWITHSTANDING ANY OTHER PROVISIONS CONTAINED IN THE CONTRACT FOR SALE, IF A WHOLESALE SELLER VIOLATES THIS SECTION, THE BUYER MAY CANCEL THE CONTRACT FOR SALE AT ANY TIME PRIOR TO THE CLOSE OF ESCROW WITHOUT PENALTY AND SHALL BE REFUNDED ALL EARNEST MONEY PAID BY THE BUYER. D. FOR THE PURPOSES OF THIS SECTION: 1. "RESIDENTIAL REAL PROPERTY" MEANS REAL PROPERTY WITH FEWER THAN FIVE DWELLING UNITS. 2. "WHOLESALE BUYER" MEANS A PERSON OR ENTITY THAT ENTERS INTO A PURCHASE CONTRACT FOR RESIDENTIAL REAL PROPERTY AS THE BUYER AND ASSIGNS THAT SAME CONTRACT TO ANOTHER PERSON OR ENTITY. 3. "WHOLESALE SELLER" MEANS A PERSON OR ENTITY THAT ENTERS INTO A PURCHASE CONTRACT FOR RESIDENTIAL REAL PROPERTY AS THE SELLER, THAT DOES NOT HOLD LEGAL TITLE TO THAT REAL PROPERTY AND THAT ASSIGNS THAT SAME CONTRACT TO ANOTHER PERSON OR ENTITY.
This adds a new chapter with specific requirements for disclosures by wholesale buyers and sellers, as well as the consequences of non-compliance.
Action History
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Signed by Governor
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Transmit to Governor
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Transmit to House
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PASSED
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DP
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DP
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Senate Second Reading
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Senate First Reading
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Transmit to Senate
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PASSED
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DPA
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DPA
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House Second Reading
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House First Reading.
Sponsors
- Diego Espinoza · Primary
- Ben Toma · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 1 co-sponsors · 91 not signed on · 2 voted No
Sponsors (1)
Co-sponsors (1)
Not signed on (91)
91 members have not signed on to this bill.
Show all 91 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 13 | 1 | 0 | 4 |
| Democrat | 5 | 0 | 0 | 0 |
| Republican | 5 | 1 | 0 | 1 |
| Total | 23 | 2 | 0 | 5 |
| % of votes cast | 77% | 7% | 0% | 17% |
How each member voted (30)
| Member | Party | Vote |
|---|---|---|
| Christine Marsh | — | Yea |
| Juan Mendez | — | Not Voting |
| Karen Fann | — | Yea |
| Kelly Townsend | — | Nay |
| Lisa Otondo | — | Yea |
| Martin Quezada | — | Yea |
| Michelle B. Ugenti-Rita | — | Yea |
| Nancy Barto | — | Yea |
| Paul Boyer | — | Not Voting |
| Raquel Terán | — | Not Voting |
| Rebecca Rios | — | Yea |
| Rick Gray | — | Yea |
| Rosanna Gabaldon | — | Yea |
| Sean Bowie | — | Yea |
| Sine Kerr | — | Yea |
| Sonny Borrelli | — | Yea |
| Tyler Pace | — | Not Voting |
| Victoria Steele | — | Yea |
| Lela Alston | Democrat | Yea |
| Lupe Contreras | Democrat | Yea |
| Sally Ann Gonzales | Democrat | Yea |
| Stephanie Stahl Hamilton | Democrat | Yea |
| Theresa Hatathlie | Democrat | Yea |
| David Gowan | Republican | Yea |
| David Livingston | Republican | Yea |
| J.D. Mesnard | Republican | Not Voting |
| Thomas "T.J." Shope | Republican | Yea |
| Venden "Vince" Leach | Republican | Yea |
| Warren Petersen | Republican | Nay |
| Wendy Rogers | Republican | Yea |
Roll call published as PDF — view source.
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 36 | 0 | 0 | 1 |
| Republican | 17 | 0 | 0 | 0 |
| Democrat | 6 | 0 | 0 | 0 |
| Total | 59 | 0 | 0 | 1 |
| % of votes cast | 98% | 0% | 0% | 2% |
How each member voted (60)
Roll call published as PDF — view source.
Subjects
Frequently asked questions
- Who sponsors HB 2747?
- HB 2747 is sponsored by Diego Espinoza and Ben Toma.
- What is the current status of HB 2747?
- This bill has been enacted into law. Introduced February 08, 2022. Enacted.
- Where can I track HB 2747?
- Track HB 2747 free on One Click Politics — get push/email alerts when it moves.
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