Which form does the buyer use to indicate issues that the buyer wants the seller to correct prior to closing?

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

The correct choice is the Residential Buyer's Inspection Notice and Seller's Response (BINSR). This form is specifically designed for buyers to formally communicate any issues or concerns they have discovered during the home inspection process to the seller. The BINSR serves as a structured way for the buyer to request repairs, ask for concessions, or negotiate changes in light of the findings from the inspection.

The use of the BINSR is crucial because it outlines specific deficiencies noted during the inspection, ensuring that both parties have clarity on what needs to be addressed before closing can take place. The form facilitates communication and negotiation between the buyer and seller, helping to reach a mutual agreement on how to resolve these issues effectively.

Other options do not fulfill this purpose. The Closing Disclosure, for instance, is a document that outlines the final terms and costs of the mortgage and is provided to buyers before closing, but it does not address issues found during inspections. The Inspection Response Kit (IRK) may assist in guiding the response process, but it is not the official form used to outline issues. The Wood-Destroying Insect Report (WDIR) is relevant to pest inspections but does not encompass all inspection findings or allow for the negotiation of repairs directly.

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