Using the current Arizona SPDS, is a seller's response of only a question mark enough when the seller knows repairs were made?
Correct Answer
B) incomplete or vague SPDS answers can create risk and may prompt follow-up rather than satisfying disclosure concerns
Under current AAR SPDS; Arizona disclosure practice, incomplete or vague SPDS answers can create risk and may prompt follow-up rather than satisfying disclosure concerns.
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More Spds Questions
In a licensing seminar in Nogales, a salesperson repeats that Arizona statutes generally require the SPDS itself in every residential resale. Which statement is most accurate under current Arizona rules?
In a Tempe transaction review, a broker says § 32-2156 allows silence about any unpleasant fact that might scare a buyer. What is the most accurate response?
At Sonoran Valley Realty in Tempe, a broker says § 32-2156 allows silence about any unpleasant fact that might scare a buyer. What should the parties assume under current Arizona rules?
Lisa receives an SPDS from the seller on Tuesday and her agent emails her a corrected version on Friday of the same week. According to Arizona law, when does Lisa's right to cancel the purchase contract based on the SPDS expire?
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- → Lisa is selling her home to her brother Mike for $300,000. Mike is obtaining a conventional loan for the purchase. Their real estate agent says the parties may omit a Seller's Property Disclosure Statement (SPDS) solely because this is a family transaction. Is that advice correct for the residential resale transaction described?
- → Tom is purchasing a home built in 1955 that has been completely renovated. The seller's agent tells him that no SPDS is required because the home was built before a certain date. Is this correct?
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- → During an Arizona file audit in Pinal County, the buyer says the seller may skip the SPDS because the contract says the property is purchased as is. What is the most accurate response?
- → A salesperson repeats that Arizona statutes generally require the SPDS itself in every residential resale. Which answer best states Arizona law?
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- → While reviewing a transaction in Apache County, Under current Arizona rules, which statement best describes 32-2156 boundaries?
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- → At Sonoran Valley Realty in Flagstaff, a broker says § 32-2156 allows silence about any unpleasant fact that might scare a buyer. What is the best answer under current Arizona law or current Arizona form practice?
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Previous Question
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?
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Using the current Arizona SPDS, in a Surprise transaction review, a listing broker offers to answer all SPDS questions for the seller to save time. Which statement is most accurate under current Arizona rules?