At a brokerage meeting in Nogales, a buyer asks whether the statutory affidavit for certain unsubdivided land has its own delivery and cancellation consequences. What is the best answer under current Arizona law or current Arizona form practice?
Correct Answer
A) the affidavit has its own statutory timing and rescission structure, which is distinct from ordinary SPDS or contract review periods
Under A.R.S. § 33-422, the affidavit has its own statutory timing and rescission structure, which is distinct from ordinary SPDS or contract review periods.
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On the structural section of an SPDS, a seller indicates 'Yes' to roof problems and explains that three tiles were replaced last month due to wind damage. What should the listing agent advise?
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