Question

In order to file a valid claim against the Arizona Real Estate Recovery Fund, all of the following conditions must exist EXCEPT: Select one:

a. The commissioner must be notified at the time civil action begins
b. The claimant must obtain a civil judgment that is uncollectible
c. The claimant must be an Arizona resident
d. The claimant must file suit within five years

Answer 1

When filing a claim against the Arizona Real Estate Recovery Fund, being an Arizona resident is not a necessary condition. Other requirements include notifying the commissioner at the start of civil action, having an uncollectible civil judgment, and filing within a specified timeframe.

Step-by-step explanation:

In order to file a valid claim against the Arizona Real Estate Recovery Fund, the following conditions must exist except for one: the claimant must be an Arizona resident. This means that it is not a requirement for the claimant to be a resident of Arizona to pursue a claim against the fund. Other necessary conditions include notifying the commissioner when the civil action begins, obtaining a civil judgment that is uncollectible, and filing the suit within five years of the alleged offense.