The Seller Disclosure Act

21 May 2017

The Seller Disclosure is a form that is statutorily required when there is a transfer of real estate. There are a few instances of transfers that do not require the disclosure form, but those are in very specific situations. Generally, the Seller Disclosure form is required.

The Seller Disclosure Act requires the seller to make a statement that discloses all of the conditions of and information about the property. This information is based on good faith, meaning that the seller is only required to disclose of information that he/she is aware of at the time of disclosure. The seller may be required to make additional disclosures after the delivery of the statement if the seller, prior to the transfer of the property, becomes aware of additional conditions. If the condition is dangerous, then the seller may be held liable for any injuries that occur due to the condition.

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