Agency
A material fact that an Arizona agent must disclose includes:
AThe seller's motivation for selling
BA known structural defect in the property✓ Correct
CThe seller's financial condition
DThe agent's commission rate
Explanation
Agents must disclose known material facts affecting the property's value or the buyer's decision to purchase, including known structural defects. Seller motivation and financial condition are confidential information.
Related Arizona Agency Questions
- An Arizona 'open listing' is characterized by:
- Under Arizona law, limited dual representation requires:
- A listing agent who, without authorization, tells the buyer that the seller will accept $20,000 below list price has breached the duty of:
- In an Arizona in-house sale (buyer and seller both represented by the same brokerage), the broker must:
- The fiduciary duty of 'obedience' requires an agent to:
- In Arizona, when a seller lists their property and a different buyer inquires, the buyer should be informed:
- Under Arizona law, which of the following is an agent's duty of disclosure to their principal?
- An Arizona agent learns their buyer client is willing to pay up to $50,000 more than the list price. The agent must:
Practice More Arizona Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arizona Quiz →