Escrow & Title
In Arizona, a seller who is unable to deliver marketable title at closing:
AMust close anyway and fix the title issue later
BMay be in breach of contract, allowing the buyer to cancel and recover their earnest money or pursue specific performance✓ Correct
CMay require the buyer to close with title defects
DMust reduce the purchase price
Explanation
If the seller cannot deliver marketable title as required by the contract, the seller may be in breach. The buyer can typically cancel the contract, recover their earnest money, or seek specific performance with a price reduction.
Related Arizona Escrow & Title Questions
- An Arizona buyer receives a Closing Disclosure (CD). Under TRID rules, the borrower must receive the CD at least:
- Which of the following BEST describes a general warranty deed in Arizona?
- A warranty deed in Arizona provides the grantee with:
- In Arizona, the document that evidences a debt and is secured by a deed of trust is called a:
- In Arizona, the seller typically provides at closing a:
- In Arizona real estate transactions, escrow is typically handled by:
- A cloud on title in Arizona refers to:
- A preliminary title report (or title commitment) in Arizona is issued by a title company and PRIMARILY serves to:
Practice More Arizona Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arizona Quiz →