A real estate agent in Tucson is working with sellers who ask if they can create their own disclosure form instead of using the standard SPDS. How should the agent respond?
Correct Answer
A) Custom forms are acceptable as long as they include all required disclosures
Arizona law allows sellers to use alternative disclosure forms as long as they contain all the required disclosures mandated by statute. Option B is incorrect because attorneys are not the only ones who can create disclosure forms. Option C is incorrect because while the AAR form is commonly used, it's not legally required to be the exclusive form. Option D is incorrect because the disclosure must contain specific required elements, not just any written format.
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Previous Question
A seller in Phoenix is preparing to list their home built in 1985. The property has a pool, solar panels, and the seller recently discovered some minor foundation settling. What is the primary purpose of the Seller's Property Disclosure Statement (SPDS) in this situation?
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Using the current Arizona SPDS, is a seller's response of only a question mark enough when the seller knows repairs were made?