Arizona agency, duties and disclosure

Incorrect: Five business days is not the timeshare rule; counting business days would also stretch or shrink the period depending on weekends.

Correct: The statute lets the buyer cancel for any reason by written notice sent by midnight of the tenth calendar day; a developer may allow longer, never shorter.

Incorrect: Three business days is the federal door-to-door cooling-off idea, which does not set the Arizona timeshare rescission period.

Incorrect: Seven days is the old figure many study guides still print; the current Arizona timeshare statute says ten calendar days.

Correct: A.R.S. §33-1321(D) gives the landlord fourteen days, excluding Saturdays, Sundays and legal holidays, to mail the itemized deductions and any balance.

Incorrect: Thirty days would give the landlord about twice the time Arizona allows.

Incorrect: Twenty-one days is a deposit deadline used in some other states, not in Arizona.

Incorrect: Ten days is the Arizona cure period for a material lease breach, not the deposit deadline.

Correct: A.R.S. §33-1368(B) gives the tenant five days after written notice of nonpayment to pay before the landlord may terminate and file.

Incorrect: Ten days is the cure period for other material breaches under §33-1368(A), not for unpaid rent.

Incorrect: Seven days is not the Arizona nonpayment period.

Incorrect: Three days is a pay-or-quit period in some other states, not Arizona's.

Incorrect: A report handed over after signing is late; the statute ties delivery to the time before the buyer is bound.

Incorrect: Delivering the report at closing defeats its purpose; the buyer would already be committed.

Incorrect: Delivery is mandatory for every prospective buyer, not on request.

Correct: Section 32-2183(A) requires a copy, with a receipt, before the buyer signs any offer to purchase, so the buyer reads it while still free to walk away.

Incorrect: Three months is twice what Arizona allows a landlord to demand.

Correct: A.R.S. §33-1321(A) caps security and prepaid rent at one and one-half months' rent; a tenant may still choose to prepay more.

Incorrect: Two months exceeds the Arizona cap, which is one and a half months.

Incorrect: One month's rent is a common cap elsewhere; Arizona allows up to one and a half.

Incorrect: The seller's mortgage interest rate is private financial information, not a fact about the property's condition.

Incorrect: Comparable sales are market data for pricing, not a fact about the property's condition.

Correct: A known roof leak is a material defect; the SPDS exists to put what the seller knows about the property's condition in writing.

Incorrect: Why the seller is moving is personal and confidential, not a property-condition disclosure.

Incorrect: Ten overshoots the threshold; the subdivision rules already apply at six.

Incorrect: Four is below the Arizona threshold; four lots do not trigger the public-report rules.

Correct: The statutory definition starts at six lots, parcels or fractional interests; five or fewer is a land division outside the subdivision rules.

Incorrect: Two lots is an ordinary lot split, far below the six-lot threshold.

Incorrect: A title report shows recorded title matters; it does not satisfy the statutory affidavit.

Incorrect: A property report is a federal land-sales disclosure for large interstate offerings, not this Arizona requirement.

Correct: A.R.S. §33-422 requires a seller of five or fewer parcels in an unincorporated area to give the buyer an affidavit of disclosure at least seven days before transfer.

Incorrect: A public report is required for subdivided or unsubdivided lands of six or more parcels, not for a four-parcel split.

Incorrect: Five days applies to breaches that materially affect health and safety, which the stem rules out.

Correct: A.R.S. §33-1368(A) sets a ten-day notice to remedy for a material breach that does not threaten health or safety.

Incorrect: Fifteen days is not an Arizona cure period.

Incorrect: Thirty days is the month-to-month termination notice, not a cure period for a breach.

Incorrect: Tenant screening standards may be agreed, but they are not a required term.

Incorrect: Vendor lists are optional business terms; nothing in the statute requires them.

Correct: The statute requires the agreement to state all material terms of the firm's services, obligations, duties and responsibilities to the owner.

Incorrect: The owner's purchase price has no role in a management agreement.

Incorrect: Five banking days exceeds the three the statute allows.

Correct: A.R.S. §32-2174(D) gives the firm three banking days to deposit undisputed owner monies in the owner's account or the firm's trust account.

Incorrect: Ten banking days would leave owner money outside a trust account far longer than allowed.

Incorrect: One banking day is stricter than the statute; the firm has three.

Correct: The statute bars criminal, civil and administrative actions against a seller or licensee for not disclosing a death, suicide or felony on the property.

Incorrect: Section 32-2156(B) says such nondisclosure is not grounds to rescind or terminate the transaction.

Incorrect: Administrative action is expressly barred, so ADRE cannot discipline the agent for this silence.

Incorrect: Civil actions for this nondisclosure are barred, so the buyer has no damages claim on that basis.

Incorrect: A no-pet rule is an ordinary lawful lease term.

Incorrect: A rule that rent is due on the first of the month is an ordinary lawful term; rent timing is set by agreement (A.R.S. §33-1314(C)).

Incorrect: A smoking ban is a lawful use restriction, not a waiver of statutory rights.

Correct: A.R.S. §33-1315(A)(1) bars any lease term that has the tenant waive rights or remedies under the Landlord and Tenant Act.

Correct: The tenant may procure reasonable substitute housing and is excused from rent for the period of the landlord's noncompliance.

Incorrect: Every remedy in §33-1364 starts with reasonable notice to the landlord.

Incorrect: Rent is excused only during the landlord's noncompliance, not for the rest of the term.

Incorrect: Locking the landlord out is self-help the statute does not allow.

Incorrect: A verbal warning creates no right to a fee, and the amount must be reasonable.

Incorrect: A late fee is a lease charge, not something that waits for a judgment.

Correct: A.R.S. §33-1368(B) refers to a reasonable late fee set forth in a written rental agreement; without that term there is no late fee to charge.

Incorrect: A late fee of 5 percent whenever rent is late has no basis in Arizona law; the fee must be in the written lease and reasonable.

Incorrect: Handing out bedbug education is required, not forbidden.

Incorrect: Tenants must already report known bedbugs in writing or electronically, so asking for it is lawful.

Correct: The statute forbids entering a lease for a unit the landlord knows to have a current bedbug infestation.

Incorrect: Tenants may not knowingly bring infested items in, so a landlord rule against it is lawful.

Incorrect: She may represent the buyer, but an oral commission deal cannot be enforced: A.R.S. §44-101(7) needs a signed writing.

Incorrect: Agency can arise without a signed agreement; the statute says so directly.

Incorrect: Employment agreements are not filed with ADRE, and none is required to represent a party.

Correct: Section 32-2151.02(D) says a real estate employment agreement is not required for a licensee to represent a party.

Correct: The rule makes the licensee a fiduciary to the client and adds a duty to deal fairly with all other parties to the transaction.

Incorrect: Confidentiality protects the client's information; the agent does not owe it to the buyer as a customer.

Incorrect: Loyalty is a fiduciary duty owed to the client, here the seller, not to the buyer.

Incorrect: No duty at all is wrong: the rule's fair-dealing duty reaches all other parties, including an unrepresented buyer.

Incorrect: Arizona carves this out: inability to perform must be disclosed even though it hurts the client.

Correct: The rule requires a licensee to disclose in writing to all other parties any information that the buyer is or may be unable to perform.

Incorrect: The duty is affirmative and in writing, not triggered by a question.

Incorrect: Telling the lender but not the seller's side falls short: the rule requires written disclosure to all other parties, which includes the seller.