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URL:https://www.learndesk.us/class/5224100152737792/lesson/ace9a88b1ca3545c5129d26cf7cee8d2?ref=outlook-calendar
SUMMARY:Property Disclosures (Part-1)
DTSTART;TZID=America/Los_Angeles:20260515T190000
DTEND;TZID=America/Los_Angeles:20260515T200000
LOCATION:https://www.learndesk.us/class/5224100152737792/lesson/ace9a88b1ca3545c5129d26cf7cee8d2?ref=outlook-calendar
DESCRIPTION: Residential property condition
Seller’s disclosure form. Many states require sellers to make a written disclosure about property conditions to a prospective buyer. This seller disclosure may or may not relieve the agent of some liabilities for disclosure. The residential property condition disclosure is the seller’s written summary of the property’s condition at the time of contracting for sale. The disclosure is entered on state-approved forms.
Owner’s role. State legislation requires owners of previously occupied single-family homes and buildings containing 1-4 dwelling units to provide the disclosure to prospective buyers if they are selling, exchanging, or optioning their property. Some exceptions and exemptions apply. When required, the disclosure must be transmitted to the prospective buyer no later than when the buyer makes an offer.
A typical form requires the seller to affirm whether or not problems exist in any of the listed features and systems of...

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