At Cactus Peak Realty in Surprise, a buyer later learns that a natural death occurred in the home years earlier and claims the sale must be rescinded because the seller did not volunteer that fact. What is the most accurate response?
Correct Answer
C) 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.
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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.
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In a licensing seminar in Casa Grande, under current Arizona rules, each of the following statements about disclosure requirements az is generally accurate EXCEPT.
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In a Buckeye transaction review, a buyer later learns that a natural death occurred in the home years earlier and claims the sale must be rescinded because the seller did not volunteer that fact.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 statement is most accurate under current Arizona rules?