Who is required to sign the Arizona Real Estate Agency Disclosure and Election form?

The correct answer is that the buyer or the seller, but not both, is required to sign the Arizona Real Estate Agency Disclosure and Election form. This form is designed to inform the parties involved in a real estate transaction about the nature of the agency relationships and the obligations of the agents involved.

In Arizona, it's important to note that this disclosure is typically signed by the party who is being represented in the transaction. Since the form is focused on establishing the relationship between the agent and their client, it is sufficient for only one party—the buyer or the seller—to sign it, as it clarifies who is being represented. By having just one party sign the form, it prevents unnecessary duplication and simplifies the process for both agents and clients.

Understanding this nuance helps ensure that all parties are aware of their rights and responsibilities regarding agency relationships without complicating the paperwork unnecessarily by requiring dual signatures in every transaction.