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?
Correct Answer
C) the statutory affidavit has its own formal requirements and should not be treated as a casual internal note
Under A.R.S. § 33-422, the statutory affidavit has its own formal requirements and should not be treated as a casual internal note.
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Previous Question
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?
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During an Arizona file audit in Mohave County, Which statement about one document does not replace the other is correct in Arizona?