When completing the environmental section of the SPDS, a seller must disclose all of the following EXCEPT:
Correct Answer
C) Potential environmental hazards in the general neighborhood
Sellers are not required to disclose general neighborhood environmental conditions that don't specifically affect their property. The SPDS focuses on property-specific conditions. A is incorrect because known lead paint must be disclosed. B is incorrect because previous mold remediation should be disclosed. D is incorrect because removed underground storage tanks should be disclosed due to potential soil contamination.
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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?
An Arizona seller completes the structural section of the SPDS. Which listed item is the exception that the section does not require the seller to disclose?
- → 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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- → 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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What is the primary purpose of the structural section in the Arizona SPDS?
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