All of the following property transfers are EXEMPT from Arizona SPDS requirements EXCEPT:
Correct Answer
C) A sale of a 10-year-old condominium unit to a first-time homebuyer
A sale of a condominium unit to a first-time homebuyer requires an SPDS - there is no exemption for sales to first-time buyers or based on the age of the property. Foreclosure sales by lenders are exempt from SPDS requirements as they are involuntary transfers. Transfers between spouses in divorce proceedings are exempt as they are not arm's length sales. Sheriff's sales are exempt as they are court-ordered involuntary transfers.
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