For a brokerage review at Sun Corridor Realty, during an Arizona file audit in Apache County, a property has known floodplain or contamination flags and the seller wants to omit them because they are 'government map issues.'. Which statement should the broker communicate?
Correct Answer
C) known environmental or site limitations can still be material in Arizona transaction practice even if they also appear in public records or maps
Under ADRE Buyer Advisory; Arizona disclosure practice, known environmental or site limitations can still be material in Arizona transaction practice even if they also appear in public records or maps.
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Related Topics & Key Terms
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Related Concepts
Deed restrictions are limitations placed in a deed that control how a property may be used by the current and future owners. They are a form of private land use control that runs with the land.
An easement is a legal right to use another person's land for a specific purpose without owning it. It is a nonpossessory interest in real property that typically runs with the land.
An easement by necessity is created by court order when a property is landlocked and has no access to a public road. It arises from the necessity of accessing the property, not from long-term use.
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- → In a Scottsdale transaction review, a property has known floodplain or contamination flags and the seller wants to omit them because they are 'government map issues.'. Which statement is most accurate under current Arizona rules?
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While reviewing a transaction in Santa Cruz County, a rural buyer treats underground storage tank issues and septic issues as if they are outside any Arizona transaction concern. Each of the following statements about adeq regulations is generally accurate in Arizona, EXCEPT.
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