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In a licensing seminar in Scottsdale, a broker advertises that a rural parcel has 'plenty of water forever' without verifying the basis for that statement. What should the parties assume under current Arizona rules?

Correct Answer

D) Arizona licensees should not make unverified water-availability claims in rural land marketing

Under ADRE Buyer Advisory; Arizona disclosure practice, Arizona licensees should not make unverified water-availability claims in rural land marketing.

Answer Options
A
brokers may guarantee well output without records
B
water statements are harmless puffery and never material
C
water-availability claims may be exaggerated because buyers should investigate
D
Arizona licensees should not make unverified water-availability claims in rural land marketing

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Related Topics & Key Terms

Key Terms:

arizona_specificwatermarketingwater_rights_disclosureaz_water_rights
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