In a licensing seminar in Buckeye, a buyer assumes the broker's mention of ADEQ resources is the same as a guarantee that the property is environmentally clean. What is the most accurate response?
Correct Answer
C) pointing a buyer toward due diligence is not the same as warranting a clean environmental condition
Under ADEQ materials; ADRE Buyer Advisory, pointing a buyer toward due diligence is not the same as warranting a clean environmental condition.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A certificate of occupancy (CO) is an official document issued by the local building department certifying that a building complies with building codes and is safe for occupancy. It is required before a building can be legally occupied.
A conditional use permit (also called a special use permit) allows a land use that is not automatically permitted by zoning but may be allowed under certain conditions. The use must be compatible with the surrounding area.
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.
More Az Environmental Land Use Questions
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- → 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?
- → During an Arizona file audit in Apache County, a buyer hears about asbestos, lead-based paint, mold, petroleum, and other site-condition concerns and assumes none of them matter unless ADEQ has already sued someone. What should the parties assume under current Arizona rules?
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While reviewing a transaction in Maricopa County, a buyer assumes the broker's mention of ADEQ resources is the same as a guarantee that the property is environmentally clean. Which statement is most accurate under current Arizona rules?
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In a Scottsdale transaction review, a rural buyer treats underground storage tank issues and septic issues as if they are outside any Arizona transaction concern. Which statement should the broker communicate?