Unit 24 Flashcards
1
Q
Dual Agency in AZ
A
Permitted if there are appropriate prior disclosures and written consent of the parties
2
Q
AZ is a ______ law state
A
Common law- takes direction for many agency issues from court decisions in addition to statutory decrees
3
Q
Statutory disclosure exceptions that protect licensees from liability
A
Failing to disclose that the property has been a site of a natural death, suicide or homicide or any other crime, was owned/occupied but a person exposed to HIV/AIDS, or is located in the vicinity of a sex offender
4
Q
Seller listing agreement or buyer broker agreement must contain
A
Clear and unambiguous language, start and expiration dates, description of commission, and signatures of all parties
