Contracts
For a real estate contract in Arizona to be legally enforceable, it must:
ABe notarized by a licensed notary public
BContain offer, acceptance, consideration, legal capacity, and lawful purpose✓ Correct
CBe filed with the ADRE within 10 days of execution
DInclude a survey of the property
Explanation
A valid, enforceable contract requires offer, acceptance, consideration, legal capacity of the parties, and a lawful purpose. Real estate contracts must also be in writing (Statute of Frauds) and signed by the parties.
Related Arizona Contracts Questions
- In an Arizona commercial lease, a 'gross lease' means:
- Mutual assent in a contract means:
- An Arizona buyer makes an offer on a home. The seller responds with different terms. This seller response is legally:
- In Arizona, earnest money deposited into the broker's trust account must be deposited within:
- An Arizona seller accepts a buyer's offer. Before escrow closes, the property is destroyed by fire. Under the doctrine of equitable conversion, who bears the risk of loss?
- A buyer includes an inspection contingency in their purchase contract. If the inspection reveals a major defect and the seller refuses to repair it, the buyer may:
- In Arizona, the SPDS (Seller's Property Disclosure Statement) is typically delivered to the buyer:
- Under Arizona law, when a buyer delivers an earnest money check to the broker, and the check is returned by the bank for insufficient funds, the broker MUST:
Practice More Arizona Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arizona Quiz →