single-family residences; corporate buyer restrictions

HB 2706 requires corporations and limited liability companies (LLCs) to register with Arizona's Corporation Commission before purchasing single-family homes, condos, or townhomes. It exempts owners with fewer than 10 properties, government entities, 501(c)(3) nonprofits, land trusts, group homes, and employers renting to employees. The bill mandates a public online registry of registered buyers, imposes $20,000 civil penalties for non-compliance, and adds a 90-day market period rule preventing corporate purchases unless a property has been listed for over 90 days or had a price change. These provisions aim to increase transparency around corporate real estate activity while focusing on direct policy changes for commercial buyers.