Department of Arizona state government that oversees and regulates real estate transactions and enforces real estate statutes, particularly Arizona Revised Statutes (A.R.S.) Title 32, Chapter 20 - the Code of Real Estate.

The Department of Water Resources is Arizona's state water management agency. Created during enactment of the Groundwater Management Code (1980), the department is charged with securing long-term water supplies for communities within the State of Arizona. Principal duties of ADWR include implementation of the Groundwater Management Code, registration of all surface and groundwater rights, ensuring the safety of non-federal dams, assisting with local management of floodplains, and representing Arizona in interstate water discussions.

1. Any transaction in which the two parties are unconnected and have no overt common interests. Such a transaction most often reflects the true or fair market value of a property. 2. Completion of a sales contract between a seller who is willing but not compelled to sell and a buyer who is willing but not compelled to buy, both parties being fully informed of all the purposes to which the property is best adapted and is capable of being used, under normal conditions on the open market.

Unit of area measurement (usually applied to land) equal to approximately 5/6th of an acre, used in France, Louisiana, and Quebec. One (1) arpent is equal to 0.8448 acres or about 36,800 square feet. For more arpent conversions, see arpent equivalents or conversions or converting arpents.

One (1) arpent is equal to approximately 5/6th of an acre. One (1) arpent is equal to 0.8448 acres. One (1) arpent is equal to 36,800.6256 square feet. One (1) arpent is equal to 4,088.9584 square yards. One (1) arpent is equal to 135.1716 square rods, poles, or perches. One (1) arepent is equal to 8.4482 square chains. One (1) arpent is equal to 3.3793 roods. One (1) arpent is equal to 0.0013 square miles or sections. One (1) arpent is equal to 0.000037 townships. One (1) arpent is equal to 3,18.89 square meters. One (1) arpent is equal to 0.3419 hectares. One (1) arpent is equal to 0.0034 square kilometers.

Program of Arizona Department of Water Resources Office of Assured and Adequate Water Supply. This program operates within designated Active Management Areas (AMA) to ensure the availability of water for new subdivisions for the next 100 years. A public report from the Arizona Department of Real Estate (ADRE) that allows subdivision lots to be sold will only be issued if the 100-year water supply has been demonstrated to be legally, physically, and continually available.

An evaluation of the status or validity of a title to real property by an attorney qualified to examine such titles.
See also "Certificate of title", "Chain of title", and "Abstract of title".

One who is authorized by another to act in his place under a power of attorney

The act of a tenant formally agreeing to become the tenant of a successor landlord; as in attorning to a mortgagee who has foreclosed on the leased premises

On a per tree basis, basal area is the surface area in square feet of the cross section of the tree bole at breast height. On a per acre basis, it expresses the total basal area for all trees within that acre. It is an efficient and logical measurement of stand density and is the basis for many silvicultural prescriptions and forest management activities.

A commercial or residential building with an unfinished interior and lacking heating, ventilating, and air conditioning (HVAC), and usually without lighting, plumbing, ceilings, or walls. A base shell is ready for warm shell or vanilla shell improvements (VSI), which are usually completed once the lease agreement has been signed.
Synonymous with grey shell or cold shell.

A set of land management guidelines that emphasize soil conservation and water quality. BMP's are often formulated and adopted at the state level.

Definition: One who engages in the illegal practice of blockbusting, or attempting to profit by telling homeowners that "undesirable" people - those of a different race, religion, etc. - moving into a neighborhood will lower home values or create other negative conditions. A blockbuster hopes to intimidate homeowners into selling their homes to the blockbuster at reduced prices, so that he or she may then resell those homes at profit.

Example: A real estate investor spreads rumors in a predominantly Asian neighborhood that a Latino family is considering purchasing a home there, which will bring undesirable elements and lower nearby property values. The investor hopes that people in this area will sell their homes to him at a price that is less than market value because they are alarmed the arrival of the newcomers will result in even lower home values or other undesirable neighborhood conditions. Under the Federal Fair Housing Act, it is illegal even to suggest that changes will occur in a neighborhood because persons of a protected class have moved there or will move there.


Terms and Definitions: Real Estate, Legal, Management

Definition: The act of creating or causing panic among homeowners with the intent to make them sell their homes by stating or implying that persons of a protected class moving into the neighborhood will have negative results such as lowered home values or increased crime. Blockbusters attempt to profit from this tactic by purchasing the homes of panicked people at less than market value, then reselling those homes at a greatly increased price. Blockbusting is illegal according to the Federal Fair Housing Act (1968, 1974, 1988), which lists as protected classes race, skin color, national origin, religion, handicap status, familial status, and gender.
Same as Panic selling.

Example: A real estate investor spreads rumors in a predominantly Asian neighborhood that a Latino family is considering purchasing a home there, which will bring undesirable elements and lower nearby property values. The investor hopes that people in this area will sell their homes to him at a price that is less than market value because they are alarmed the arrival of the newcomers will result in even lower home values or other undesirable neighborhood conditions. Under the Federal Fair Housing Act, it is illegal even to suggest that changes will occur in a neighborhood because persons of a protected class have moved there or will move there.


Terms and Definitions: Real Estate, Legal, Management

Singular: Board foot; Plural: Board feet
A board foot is a lumber measurement equal to a board or plank of wood 1 inch thick and 12 inches on each side. The formula for calculating board feet of sawed lumber is bd ft = thickness(in) x width(in) x length(ft)/12. For example, a board that is 1 inch thick, 12 inches wide, and 10 feet long contains 10 board feet of lumber(1x12x10/12=10).
Also known as "Board feet of lumber".

The unit of measurement for an estimate of the volume of lumber in logs or standing trees using a log rule.

1. A board foot is a lumber measurement equal to a board or plank of wood 1 inch thick and 12 inches on each side. The formula for calculating board feet of sawed lumber is bd ft = thickness(in) x width(in) x length(ft)/12. 2. One (1) board foot equals 1 inch x 12 inches x 12 inches. One (1) board foot equals 1 inch (thick) x 12 inches (width) x 1 foot (length). One (1) board foot equals 144 cubic inches.

The trunk of a tree.

Method for scoring trophy game animals according to the Boone and Crockett Club, which maintains records of and provides guidelines for the scoring of bear; cougar and jaguar; walrus; typical and atypical (non-typical) American elk; Roosevelt's and Tule elk; typical and atypical blacktail, whitetail, and mule deer; moose; caribou; pronghorn; bison; muskox; Rocky Mountain goat; and sheep.

Hunting and conservation organization founded at the turn of the 20th century by Theodore Roosevelt, Gifford Pinchot (first chief of the U.S. Forest Service), and other early American conservationists to promote the causes of responsible wildland and wildlife management, as well as a common-sense approach to conservation of vital natural resources.

A Broker's Price Opinion, or BPO, is a real estate valuation performed by a local, licensed real estate professional. It is used in situations where a formal appraisal is not required. It usually is based on such information as an exterior examination, estimates of necessary repairs, tax records, recent comparable home or business sales, property sale history, and current comparable listings.

An area of land, usually open space, intended to mitigate land use effects and serve as a physical separation, transition, or screen between adjacent zoning districts. The most common examples include parks, greenways, or retention ponds between residential, commercial, or industrial zoning districts.

Zoning ordinances meant to regulate density and discourage overcrowding by restricting building heights or new construction, increasing setbacks, and mandating certain percentages of open space.

The ownership of property; allows one to buy, sell, or encumber real property or personal property. Also referred to as the bundle of rights; includes the rights of possession, control, enjoyment, exclusion, and disposition.

The ownership of property; allows one to buy, sell, or encumber real property or personal property. Also referred to as the bundle of legal rights; includes the rights of possession, control, enjoyment, exclusion, and disposition.