At a brokerage meeting in Glendale, a seller is transferring five or fewer unsubdivided parcels in an unincorporated area of Coconino County. Which statement should the broker communicate?
Correct Answer
A) 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.
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Previous Question
At a brokerage meeting in Gilbert, a broker says the affidavit under § 33-422 is just an internal file note and never affects recorded land-transfer practice. What is the best answer under current Arizona law or current Arizona form practice?
Next Question
While reviewing a transaction in Cochise County, a buyer asks whether the statutory affidavit for certain unsubdivided land has its own delivery and cancellation consequences. What is the most accurate response?