44-501. Definitions In this chapter, unless the context otherwise requires: 1. ' Exclusive property engagement agreement' means a contract or agreement that provides an exclusive right to a person to list or sell residential real estate, including a contract or agreement to enter into any listing agreement or arrangement in the future or any memorandum recognizing the existence of an exclusive property engagement agreement. 2. ' Residential real estate' means real property located in this state that is used or will be used primarily for a personal, family or household purpose and that contains fewer than five dwelling units.
Arizona Legal Code
§ 44.501
Source: https://www.azleg.gov/ars/44/00501.htm· Version 2026