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Az Water RightsWater_rights_disclosureMEDIUM

A buyer is purchasing a 5-acre rural property in Cochise County that includes a domestic well and irrigation rights for 2 acre-feet annually from the local irrigation district. The seller mentions that the well was drilled in 1985 and has always provided adequate water for household use. What disclosure obligations does the listing agent have regarding the water rights and well?

Correct Answer

B) Provide the Disclosure Regarding Water Supply and Water Rights form and advise the buyer to verify all water rights with appropriate authorities

The correct answer is B. Arizona law requires real estate agents to provide the Disclosure Regarding Water Supply and Water Rights form for properties with wells or water rights, and buyers should be advised to verify all water rights independently. Why not A: Even though domestic wells may have certain exemptions, disclosure of water rights and supply information is still required. Why not C: Water rights disclosure is mandatory regardless of whether there are known problems or disputes. Why not D: The acreage size does not determine disclosure requirements for water rights and supply.

Answer Options
A
Only disclose the existence of the well since domestic wells are exempt from most regulations
B
Provide the Disclosure Regarding Water Supply and Water Rights form and advise the buyer to verify all water rights with appropriate authorities
C
Disclosure is only required if the well has known problems or the water rights are disputed
D
No specific water disclosure is required since the property is under 10 acres

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Related Topics & Key Terms

Key Terms:

water_rights_disclosurerural_propertydomestic_wellsirrigation_rightsdisclosure_forms
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