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- The real estate market in Minnesota requires knowledge of how many things work, especially those that may be guided by federal or state law. For example, landlords may want to know how rent control functions in the state before attempting to make any changes. Similarly, both a potential buyer and a seller should familiarize themselves with the elements of a real estate purchase agreement and what kind of written disclosures may be required to ensure that the contract is legally binding. (light music) (air whooshing) Welcome back, everybody. Im Santiago with DoorLoop. Now, before we get started, let me quickly remind you that I am not an attorney so I cannot give you any legal advice or financial advice, and yes, I do work for DoorLoop. Okay, that being said, lets get right into it. Required Disclosures, the first disclosure statement thats required for the sale agreement is the sellers property disclosure statement. Potential buyers may alter their decisions based on these detail
