After receiving the BINSR from a potential buyer, how many days does Harriet have to decide whether to correct the disapproved items?

Study for the Arizona 6-Hour Contract Writing Course. Use flashcards and multiple choice questions with hints and explanations. Prepare effectively for your exam!

Upon receiving the Buyer’s Inspection Notice and Seller Response (BINSR) from a potential buyer, the seller is granted a specific timeframe to address any disapproved items identified during the inspection process. In Arizona, this period is five days. This time frame is critical as it allows the seller to respond to the buyer's concerns and potentially negotiate repairs or remedies for the issues noted in the BINSR.

The reason for this five-day window is rooted in the necessity for promptness in real estate transactions, enabling both parties to maintain momentum in the negotiation process. If the seller fails to respond within this timeframe, it could impact the transaction and potentially lead to the buyer opting to terminate the agreement. Understanding this timeline is essential for both sellers and buyers to ensure that their interests are adequately represented and that the sale process continues smoothly.

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