Using the current Arizona SPDS, at a brokerage meeting in Prescott, a condominium unit has known drainage problems and lies in a floodplain according to the seller's records. What should the parties assume under current Arizona rules?
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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Previous Question
Using the current Arizona SPDS, at Copper State Homes in Yuma, a rural seller knows of termite treatment history, septic repairs, and service from a private well. What is the most accurate response?
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A seller's SPDS indicates that the home has a foundation crack that was repaired two years ago. The buyer's inspector discovers additional foundation issues not mentioned in the SPDS. What is the most likely outcome?