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In a licensing seminar in Tempe, Which statement about natural death safe harbor is correct in Arizona?

Correct Answer

B) A.R.S. § 32-2156 generally provides that natural death, suicide, homicide, or felony on the property is not a required disclosure item for rescission purposes

Under A.R.S. § 32-2156, A.R.S. § 32-2156 generally provides that natural death, suicide, homicide, or felony on the property is not a required disclosure item for rescission purposes.

Answer Options
A
a death on the property automatically rescinds the contract in that Arizona transaction
B
A.R.S. § 32-2156 generally provides that natural death, suicide, homicide, or felony on the property is not a required disclosure item for rescission purposes
C
the issue is governed only by federal fair-housing law under current Arizona law
D
the seller must disclose deaths only if the property is over ten years old for that fact pattern

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Related Topics & Key Terms

Key Terms:

arizona_specificdisclosureno_disclosure_itemsdeathdisclosure_requirements_azaz_agency_and_disclosures

Related Concepts

An arrangement where a brokerage assigns separate agents within the firm to represent the buyer and seller in the same transaction, allowing each client to have dedicated representation.

A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.

An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.

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