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SpdsSpds_vs_affidavit_of_disclosureMEDIUM

Using the current Arizona SPDS, at a brokerage meeting in Casa Grande, a seller is reselling a house on a platted subdivision lot within Scottsdale. What is the best answer under current Arizona law or current Arizona form practice?

Correct Answer

C) that transaction usually fits ordinary residential-resale disclosure practice and does not automatically trigger the A.R.S. § 33-422 affidavit regime

Under A.R.S. § 33-422; current AAR SPDS, that transaction usually fits ordinary residential-resale disclosure practice and does not automatically trigger the A.R.S. § 33-422 affidavit regime.

Answer Options
A
subdivided-lot house resales automatically use the affidavit instead of the contract disclosures
B
houses inside a city may be sold with neither SPDS nor other material disclosures
C
that transaction usually fits ordinary residential-resale disclosure practice and does not automatically trigger the A.R.S. § 33-422 affidavit regime
D
city location eliminates all seller disclosure practice under current Arizona law

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Related Topics & Key Terms

Key Terms:

arizona_specificspdscity_resalespds_vs_affidavit_of_disclosure
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