Sellers are required to disclose what type of information?

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

Sellers are required to disclose known material facts because this obligation is grounded in the principle of transparency in real estate transactions. Material facts are those that could affect a buyer's decision to purchase a property or influence the value of the property. In Arizona, the seller must disclose any known issues that could impact the safety, habitability, or value of the home. This includes structural issues, problems with systems like plumbing or electrical, and any other major defects that the seller is aware of. Ensuring that buyers are informed helps promote fairness in the transaction and protects both parties’ interests.

The other options, while relevant in certain contexts, are either not mandated disclosures or pertain to specific situations. For instance, while proximity to a registered sex offender may be a consideration for some buyers, it is not classified as a material fact that must always be disclosed by the seller. The owner's HIV status is protected under privacy laws and cannot be disclosed without consent, and information about deaths on the property may only need to be disclosed if it materially affects the value of the property or there has been a relevant change in circumstances. Thus, known material facts remain the primary focus for disclosure during a real estate transaction, being essential for informed buyer decisions.

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