Using the current Arizona SPDS, in a licensing seminar in Prescott, a student says Arizona law expressly requires the SPDS by statute in every resale and cites A.R.S. § 32-2156 for that proposition. Which statement should the broker communicate?
Correct Answer
D) that statement is incorrect Arizona's general disclosure duties, current AAR SPDS practice are distinct from any stand-alone statutory SPDS mandate
Under A.R.S. § 32-2156; current AAR SPDS, that statement is incorrect because Arizona's general disclosure duties and the current AAR SPDS practice are distinct from any stand-alone statutory SPDS mandate.
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Previous Question
Using the current Arizona SPDS, in a licensing seminar in Scottsdale, an investor seller never lived in the property and asks whether the SPDS should pretend the seller knows nothing about the property at all. Which statement should the broker communicate?
Next Question
At Ocotillo Realty Group in Chandler, a seller asks what the Arizona SPDS is actually meant to accomplish in a resale transaction. Which statement should the broker communicate?