A seller in Mesa has owned their property for 20 years and is completing the SPDS. They had a roof leak repaired 10 years ago but are unsure if there was any structural damage. The seller should:
Correct Answer
D) Disclose the roof repair and indicate uncertainty about structural damage
Correct: D - Disclose the roof repair and indicate uncertainty about structural damage. The seller should disclose the known roof repair and honestly indicate uncertainty about potential structural damage, as this provides material information to buyers. Why not A: This option is incorrect because "Not mention either issue since the repair was completed long ago" does not match the rule tested by the question. The correct answer is "Disclose the roof repair and indicate uncertainty about structural damage". The seller should disclose the known roof repair and honestly indicate uncertainty about potential structural damage, as this provides material information to buyers. Why not B: This option is incorrect because "Wait to complete the SPDS until after hiring a structural engineer" does not match the rule tested by the question. The correct answer is "Disclose the roof repair and indicate uncertainty about structural damage". The seller should disclose the known roof repair and honestly indicate uncertainty about potential structural damage, as this provides material information to buyers. Why not C: This option is incorrect because "Disclose only the roof repair and not mention potential structural issues" does not match the rule tested by the question. The correct answer is "Disclose the roof repair and indicate uncertainty about structural damage". The seller should disclose the known roof repair and honestly indicate uncertainty about potential structural damage, as this provides material information to buyers.
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In a Gilbert transaction review, a seller asks what the Arizona SPDS is actually meant to accomplish in a resale transaction. Which statement is most accurate under current Arizona rules?
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