Initial Disclosures
This document has five different sections with tons of helpful information
What is the Buyer Advisory?
Indicates if there have been roof leaks, pest infestation, and the age of the heating and cooling systems
What is the Seller Property Disclosure Statement (SPDS)?
Required on all residential housing built prior to 1978
What is the Lead Based Paint Disclosure?
This document states that certain types of toxic indoor substances may cause health problems
What is the Mold Disclosure?
States "Read the entire contract before you sign it"
What is the Buyer Attachment (cover page to the AAR Contract)?
Discusses relationship with clients, customers, and the public and duties owed.
What is the Real Estate Agency Disclosure and Election?
This document might include a line item stating "Water Damage, $2,500"
What is the Insurance Claims History?
States that the Arizona State Legislature recognized this specific threat to the health and safety of children
What is the Residential Pool Safety Notice?
This document contains three main sections of common items a buyer might want to investigate
What is the AAR Buyer Advisory?
Contains information on easements, liens, and current owner's names
What is the Preliminary Title Report?
It is agreed that brokers do not provide advice on property as an investment
What is the Market Conditions Advisory?
Gives the contact information and various fees for a home in a Planed Unit Development
What is page 1 of the HOA Addendum?
This document gives information as to whether or not the property meets the minimum county zoning requirements
What is the Affidavit of Disclosure?
Restrictions on property use, enforced by a neighborhood association
What are HOA Rules and Regulations?
Discloses if buyer needs to sell a property
What is AAR Pre-Qualification Form?
OR
What is AAR Loan Status Update?
Discloses ownership of related business as required by 12 U.S. Code § 2601 et seq.
What is the Affiliated Business Disclosure Statement?
Contract calls for this instead of a C.L.U.E.
What is the Insurance Claims History?
Discloses if property is age restricted and if fire protection is included in property taxes
What is the Green Valley / Sahuarita Addendum?
Urges consulting an attorney, inspectors, and experts in any area of interest or concern in a transaction.
What is the Buyer Attachment (Cover page to the AAR Contract)?
Some items in this are no longer valid because they were written prior to Fair Housing laws
What are CC&R's (Covenants, Conditions, and Restrictions)?
Cautions clients to only rely on known sources
What is the Wire Fraud Advisory?
Indicates whether or not the owner is affected by FIRPTA
What is the Seller's Property Disclosure Statement?
Required by A.R.S. 33-422 for certain types of property
What is the Affidavit of Disclosure?
Buyers affirmation that they have completed any and all investigations
What is page 1 of Buyer Inspection Notice and Seller's Response?
Requires disclosure that “the seller is a wholesale seller that holds an equitable interest in the real property and that the wholesale seller may not be able to convey title to the property.”
What is Arizona Wholesaler Buyer Disclosure Law (aka A.R.S.§ 44-5101)?