No Signature Required When No Repairs Requested.
FACTS: Within the Inspection Period, the buyer delivered the Arizona REALTORS® Residential Buyer’s Inspection Notice and Seller’s Response (“BINSR”) to the seller. The buyer marked the box under the first election: “Premises Accepted – No corrections requested. Buyer accepts the Premises in its present condition and no corrections or repairs are requested.” The BINSR was sent to the seller.
The buyer’s agent is now insisting that the seller sign page 3, and return a copy to the buyer.
ISSUE: Does the seller have to sign page 3 if no repairs are requested?
ANSWER: No.
DISCUSSION:
Because the buyer has made no request for repairs, the seller is not obligated to respond on the BINSR. However, if the buyer is asking for the seller’s signature on the BINSR to “acknowledge receipt of a copy,” then the seller may elect to mark through the seller response section and indicate “no repairs requested.” Thereafter, the seller may elect to sign the BINSR.