During an Arizona file audit in Gila County, tessa knows that an unsubdivided vacant parcel has a hidden roof leak that is not readily observable and the buyer does not know about it. Each of the following statements about disclosure requirements az is generally accurate in Arizona, EXCEPT.
Correct Answer
B) hidden material defects may be withheld if the sale is 'as is'
This is the exception. Under Hill v. Jones; A.A.C. R4-28-1101; A.A.C. R4-28-1101; A.A.C. R4-28-1101; Arizona disclosure practice; A.R.S. § 32-2156; ADRE Buyer Advisory, Arizona does not treat the issue this way. Instead, Arizona requires disclosure of known material adverse facts that are not readily observable and not known to the other party.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.
The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.
More Az Agency Disclosures Questions
While reviewing a transaction in Mohave County, a designated broker claims there is no need to supervise listing agents' disclosure or advertising practices because each salesperson is independent. Which statement is most accurate under current Arizona rules?
At a brokerage meeting in Buckeye, a seller asks the listing broker for pricing advice and market strategy before putting the home on the market. Which outcome best matches current Arizona practice?
In a Scottsdale transaction review, the listing remarks say the roof was replaced in 2024, but the broker later learns that only a patch was done. Which statement is most accurate under current Arizona rules?
In a licensing seminar in Mesa, a buyer-broker agreement expires before the buyer writes an offer and the parties do not extend it. Which statement should the broker communicate?
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- → Under the current AAR Buyer-Broker Exclusive Employment Agreement, under the current AAR Consent to Limited Representation, in a Gilbert transaction review, under current Arizona rules, each of the following statements about agency types az is generally accurate EXCEPT.
- → While reviewing a transaction in Navajo County, a shopper casually asks an open-house host for directions to the kitchen and later claims a full agency relationship was created on the spot. What should the parties assume under current Arizona rules?
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- → In a licensing seminar in Mesa, ocotillo Realty Group represents only the seller in a transaction and no one at the brokerage represents the buyer as a client. What should the parties assume under current Arizona rules?
- → In a licensing seminar in Tempe, cactus Peak Realty represents only the seller in a transaction and no one at the brokerage represents the buyer as a client. What is the most accurate response?
- → While reviewing a transaction in Mohave County, a shopper casually asks an open-house host for directions to the kitchen and later claims a full agency relationship was created on the spot. Which statement should the broker communicate?
- → In a licensing seminar in Tucson, mia signed a buyer-broker agreement and asks whether the broker may still favor the listing broker's interests when advising on offer price. What is the most accurate response?
- → During an Arizona file audit in Pima County, julian signed a buyer-broker agreement and asks whether the broker may still favor the listing broker's interests when advising on offer price. Which statement should the broker communicate?
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Previous Question
In a Glendale transaction review, a broker has a personal financial interest in a company that will be paid during the transaction and wonders whether anyone needs to know. Each of the following statements about disclosure requirements az is generally true in Arizona EXCEPT.
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While reviewing a transaction in Yavapai County, a buyer later learns that a natural death occurred in the home years earlier and claims the sale must be rescinded because the seller did not volunteer that fact. Which outcome best matches current Arizona practice?