GLOSSARY

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

A, B, C, D paper
Mortgage loans are rated as A, B, C, or D paper. “A” paper loans are the highest quality, lowest risk loans; “B” quality are loans where the borrower has minor credit problems; “C” quality are borrowers with marginal or poor credit; “D” quality indicates very high risk loans.

A.R.S. §32-2151.01.C
A.R.S. §32-2151.01.C states that every purchase contract must state the form of earnest money received.

A.R.S. §32-2151.A
A.R.S. §32-2151.A: Unless otherwise provided in writing by all parties to a transaction, any licensed real estate broker who does not immediately place all funds entrusted to the broker, in the broker’s capacity as a real estate broker, in a neutral escrow depository in this state shall upon receipt place all such funds in a trust fund account in a federally insured or guaranteed account in a depository located in this state. The commissioner may adopt such rules as are necessary to provide for records to be maintained and the manner in which such trust fund account deposits may be made.

abandonment
Abandonment is a tenant’s voluntary relinquishment of a premises without the landlord’s express or implied consent and with no intention to perform future lease obligations.

abatement

  1. A reduction or decrease. 2. The removal of a nuisance.