Arizona's Seller Property Disclosure Statement (SPDS) must disclose:
Question & Answer
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Only structural defects
A is incorrect because disclosure requirements extend beyond structural defects. Arizona's SPDS includes non-structural issues like environmental hazards, zoning restrictions, and material defects in systems like plumbing or electrical.
All known material facts about the property
Only items that cost over $500
C is incorrect because Arizona law does not establish a $500 monetary threshold for disclosure. Materiality is determined by significance to a buyer's decision, not by cost of repair.
Nothing is required
D is incorrect because Arizona law mandates that sellers provide a completed SPDS to buyers, making disclosure a legal requirement rather than optional.
Why is this correct?
B is correct because Arizona's SPDS requires sellers to disclose all known material facts about the property. Material facts are any information that would affect a buyer's decision or the property's value, not just structural issues or those meeting a specific monetary threshold.
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