Arizona Real Estate Salesperson Exam — All Questions

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1 questions

Consumer Protection

Before a developer may sell or lease lots in a subdivision to the public in Arizona, the developer must obtain and provide buyers with a:

a.Affidavit of Disclosure
b.Public Report from the ADRE✓
c.Seller Property Disclosure Statement
d.Certificate of Occupancy

Arizona requires developers of subdivided (and certain unsubdivided) land to obtain a Public Report from the ADRE and give it to prospective buyers before a sale, disclosing material facts about the parcels. The SPDS is for resale homes and the Affidavit of Disclosure applies to certain rural parcels, not new subdivision sales.