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During an Arizona file audit in Pinal County, under current Arizona rules, each of the following statements about disclosure requirements az is generally accurate EXCEPT.

Correct Answer

D) a buyer broker can never be paid from the listing side under current Arizona law

This is the exception. Under current AAR Real Estate Agency Disclosure and Election form; A.A.C. R4-28-1101; Arizona disclosure practice; A.R.S. § 32-2156; A.R.S. § 32-2156; ADRE Buyer Advisory, Arizona does not treat the issue this way. Instead, under current Arizona agency forms, compensation may be separately negotiated and disclosed without eliminating buyer representation.

Answer Options
A
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
B
a licensee may not ignore material adverse facts that are known or reasonably apparent in the transaction context
C
Arizona does not impose a general duty to disclose sex-offender presence or proximity as a required seller disclosure item
D
a buyer broker can never be paid from the listing side under current Arizona law

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Related Topics & Key Terms

Key Terms:

arizona_specificcompensationdisclosureagency_formdisclosure_requirements_azreverse_question

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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