What is the purpose of a Residential Real Property Affidavit?

Get ready for the AceableAgent Promulgated Contracts Test. Practice with multiple choice questions, each offering hints and detailed explanations. Boost your confidence and ace your exam!

The purpose of a Residential Real Property Affidavit primarily focuses on assuring the buyer of unchanged property boundaries. This document is essential in real estate transactions as it provides a sworn statement regarding the status of the property, indicating that no changes have been made to the boundaries since the last survey or appraisal. This gives the buyer peace of mind, as it helps ensure that the property they are considering purchasing maintains the same boundaries that were previously established, thus reducing the risk of future disputes over property lines.

The other choices do not accurately reflect the primary intent of the Residential Real Property Affidavit. Confirming property appraisal, disclosing mortgage information, and outlining property taxes serve different roles in the context of a real estate transaction. These aspects may be documented in other forms or disclosures but are not the main focus of the affidavit itself. The affidavit centers on the integrity of the property boundaries, making option B the correct choice.

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