Using the current Arizona SPDS, in a Prescott transaction review, Under current Arizona rules, which statement best describes environmental and site conditions?
Correct Answer
D) known environmental or site conditions such as floodplain, drainage, and soil issues belong in Arizona disclosure practice when material
Under current AAR SPDS; Arizona disclosure practice, known environmental or site conditions such as floodplain, drainage, and soil issues belong in Arizona disclosure practice when material.
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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?
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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?
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A Tucson real estate agent is explaining SPDS requirements to a new seller client. All of the following statements about the Arizona SPDS form are accurate EXCEPT:
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Under the current AAR Residential Resale Real Estate Purchase Contract, using the current Arizona SPDS, during an Arizona file audit in Navajo County, the home has leased solar equipment that will affect the buyer's future obligations unless addressed. Each of the following statements about spds sections structural env is generally true in Arizona EXCEPT.