AZ SB1209

Requires corporations and limited liability companies purchasing single-family residences in Arizona to register with the Corporation Commission's Securities Division and obtain a certificate of registration before closing the deed.

Limits corporate and LLC purchases of single-family residences to five percent of total single-family residences in any county, with an additional cap of 100 units per calendar year in counties with populations of 400,000 or more.

Exempts entities owning fewer than ten single-family residences, governmental entities, 501(c)(3) nonprofits, land trusts, group homes, and employers renting to employees from registration and purchase limitations.

Requires county recorders to verify corporation/LLC registration and deed compliance, and mandates deeds state the residence is not the owner's primary residence.

Imposes civil penalties of up to $20,000 per violation for failure to register or providing misleading information, with penalties deposited into the housing trust fund; requires annual reporting to the legislature on corporate and LLC single-family residence transactions.