Ace the Arizona Real Estate Exam 2025 – Unlock Your Property Dreams!

The Affidavit of Value is the correct answer because it is a necessary document that provides information about the property's sale price and other relevant details when a deed is recorded. This affidavit assists in establishing the property's valuation for tax purposes, complying with local regulations, and ensuring transparency in real estate transactions.

Recording the Affidavit of Value along with the deed helps public agencies assess the proper tax rate and preserves accurate records within the county. This practice is particularly important as it allows for the aggregation of data on property transfers, ultimately contributing to the valuation of real estate in the area.

The other documents mentioned, such as the Purchase Contract, Promissory Note, and Settlement Statement, while critical to the real estate transaction process, are not typically recorded alongside the deed in public records. The Purchase Contract is a private agreement between the buyer and seller, the Promissory Note details the financing terms, and the Settlement Statement outlines the financial aspects of the transaction, such as credits and debits, but they do not serve the same purpose as the Affidavit of Value in the context of recording a deed.