At a brokerage meeting in Queen Creek, a broker advertises that a rural parcel has 'plenty of water forever' without verifying the basis for that statement. Each of the following statements about water rights disclosure is generally true in Arizona EXCEPT.
Correct Answer
D) water-availability claims may be exaggerated because buyers should investigate under current Arizona law
This is the exception. Under ADRE Buyer Advisory; Arizona disclosure practice; ADRE Buyer Advisory; Arizona rural-property practice, Arizona does not treat the issue this way. Instead, Arizona licensees should not make unverified water-availability claims in rural land marketing.
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