Sellers are obligated by law to disclose all known material (important) facts about the property to the buyer. Arizona law requires that you disclose material facts about the property whether or not you are asked by the buyer or a real estate agent, or when asked to complete a disclosure form.
If the buyer asks you about an aspect of the property, you have a duty to disclose the information, regardless of whether or not you consider the information material.
Arizona Association of REALTORS® 6/02
EXCERPT FROM: RESIDENTIAL SELLER'S PROPERTY DISCLOSURE STATEMENT (SPDS)
Page 4 - Environmental Information
169. Are you aware of the presence of any of the following on the Property, past or present? (Check all that apply):
__ Asbestos __ Radon gas __ Lead-based paint __ Pesticides __ Underground storage tanks __ Fuel/chemical storage
For more information about Arizona requirements for disclosure or a copy of the Residential Seller's Property Disclosure Statement (SDPS), visit the Arizona Association of REALTORS® at:www.aaronline.com
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