During an Arizona file audit in Yuma County, a buyer asks whether the seller had to disclose that a felony occurred on the property years ago. Which statement should the broker communicate?
Correct Answer
C) that kind of event falls within Arizona's specific safe-harbor categories and should not be confused with ordinary material defect disclosure
Under A.R.S. § 32-2156, that kind of event falls within Arizona's specific safe-harbor categories and should not be confused with ordinary material defect disclosure.
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- → Lisa receives an SPDS from the seller on Tuesday and her agent emails her a corrected version on Friday of the same week. According to Arizona law, when does Lisa's right to cancel the purchase contract based on the SPDS expire?
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- → In Arizona real estate transactions, what does the acronym SPDS stand for?
- → A seller inherited a property and has limited knowledge of its history. They discover documents indicating previous foundation underpinning work but no details about the reason or extent. How should this be disclosed?
- → Using the current Arizona SPDS, at Sun Corridor Realty in Mesa, a seller is reselling a house on a platted subdivision lot within Goodyear. Each of the following statements about spds vs affidavit of disclosure is generally true in Arizona EXCEPT.
- → A buyer's agent is reviewing disclosure documents for a residential purchase in Tucson. All of the following are true regarding the differences between an SPDS and an Affidavit of Disclosure EXCEPT:
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