Using the current Arizona SPDS, in a licensing seminar in Tempe, a student says the SPDS and Arizona's statutory Affidavit of Disclosure are interchangeable documents serving the same transactions. Which statement should the broker communicate?
Correct Answer
B) the SPDS and the Affidavit of Disclosure are different documents with different governing sources and different transaction contexts
Under A.R.S. § 33-422; current AAR SPDS, the SPDS and the Affidavit of Disclosure are different documents with different governing sources and different transaction contexts.
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Previous 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?
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In a licensing seminar in Nogales, a broker says the affidavit under § 33-422 is just an internal file note and never affects recorded land-transfer practice. Which statement should the broker communicate?