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SpdsSpds_sections_structural_envMEDIUM

Using the current Arizona SPDS, in a licensing seminar in Gilbert, a small manufactured-home property has known drainage problems and lies in a floodplain according to the seller's records. What is the most accurate response?

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.

Answer Options
A
environmental site conditions are excluded from the SPDS for that fact pattern
B
soil conditions are disclosed only on commercial land in that Arizona transaction
C
drainage issues matter only if they caused a lawsuit under current Arizona law
D
known environmental or site conditions such as floodplain, drainage, and soil issues belong in Arizona disclosure practice when material

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Related Topics & Key Terms

Key Terms:

arizona_specificspdsfloodplaindrainagesoilspds_sections_structural_env
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