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SpdsSpds_vs_affidavit_of_disclosureEASY

During an Arizona file audit in Yavapai County, a seller is transferring five or fewer unsubdivided parcels in an unincorporated area of Apache County. Which statement should the broker communicate?

Correct Answer

D) that fact pattern is the classic setting for the statutory Affidavit of Disclosure rather than ordinary residential-resale SPDS practice alone

Under A.R.S. § 33-422, that fact pattern is the classic setting for the statutory Affidavit of Disclosure rather than ordinary residential-resale SPDS practice alone.

Answer Options
A
the affidavit applies only to condominium resales under current Arizona law
B
the affidavit applies only inside incorporated city limits in that Arizona transaction
C
that fact pattern automatically means only the SPDS can be used for that fact pattern
D
that fact pattern is the classic setting for the statutory Affidavit of Disclosure rather than ordinary residential-resale SPDS practice alone

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Key Terms:

arizona_specificaffidavit_of_disclosureproperty_typespds_vs_affidavit_of_disclosurespds
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