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In a Sierra Vista transaction review, In Arizona, which statement best describes marketing misstatement correction?

Correct Answer

D) once the broker knows the marketing statement is materially inaccurate, the broker should correct it rather than let buyers rely on it

Under A.A.C. R4-28-1101, once the broker knows the marketing statement is materially inaccurate, the broker should correct it rather than let buyers rely on it.

Answer Options
A
MLS remarks never need correction once published under current Arizona law
B
marketing statements are immune from disclosure rules because they are advertising
C
correction is needed only if a lawsuit has already been filed in that Arizona transaction
D
once the broker knows the marketing statement is materially inaccurate, the broker should correct it rather than let buyers rely on it

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Related Topics & Key Terms

Key Terms:

arizona_specificseller_agentmarketing_correctionseller_agent_azaz_agency_and_disclosures

Related Concepts

The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.

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.

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