Environmental
The Arizona Residential Seller's Property Disclosure Statement (SPDS) requires disclosure of:
AOnly structural defects observed by the seller
BMaterial facts known to the seller that might affect the property's value or the buyer's decision to purchase✓ Correct
COnly defects discovered in a professional home inspection
DAny defect regardless of materiality or seller's knowledge
Explanation
The SPDS requires Arizona sellers to disclose all material facts known to them that might affect the property's value or a buyer's decision to purchase, including environmental concerns, water issues, HOA matters, and physical condition.
People Also Study
Related Arizona Questions
- The Arizona Association of REALTORS® Residential Resale Purchase Contract requires agency disclosure:Agency
- The Arizona Residential Resale Purchase Contract requires sellers to provide the Seller's Property Disclosure Statement (SPDS) within:Contracts
- Arizona requires that real estate sellers provide buyers with a disclosure statement about homeowner associations (HOAs). This disclosure must include:Escrow & Title
- Which federal law requires sellers of residential properties built before 1978 to disclose known lead-based paint hazards?Environmental
- Mold disclosure in Arizona real estate requires sellers to:Environmental
- The Arizona Water Adequacy Disclosure requirement means sellers of property in certain areas must:Land Use & Zoning
- In Arizona, if a seller fails to provide the SPDS (Seller's Property Disclosure Statement) within the time required by the purchase contract, the buyer may:Contracts
- An Arizona seller who provides a Property Disclosure Statement (SPDS) that omits known material defects is liable for:Contracts
Key Terms to Know
Contingency
A condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Loan-to-Value Ratio (LTV)The ratio of a mortgage loan amount to the appraised value or purchase price of a property, expressed as a percentage.
AppraisalA professional estimate of a property's market value prepared by a licensed or certified appraiser.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
State-Specific Concepts
Disclosure Requirements
Study This Topic
Practice More Arizona Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arizona Quiz →