What must every buyer receive during a real estate transaction?

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

In a real estate transaction, the Seller's Property Disclosure Statement is a crucial document that every buyer must receive. This statement is designed to ensure that buyers are fully informed about the condition of the property they are considering purchasing. It typically includes details about any known issues with the property, such as structural problems, past repairs, environmental concerns, and other relevant information that could affect the buyer's decision.

Providing this disclosure is not just a best practice; it is also a legal requirement in many jurisdictions. By receiving this information, buyers can make more informed choices and avoid potential risks associated with hidden defects or undisclosed issues.

The other options, while important in various contexts, do not carry the same universal requirement for every real estate transaction. For instance, an agent rebate is not commonly given or expected in every transaction. The Lead-Based Paint Addendum is only applicable for properties built before 1978 and might not be relevant for all buyers. Similarly, an MLS form is specific to the listing and sales process and may not be directly provided to buyers in the same obligatory manner.

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