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In this video, realtor Mark Kolache discusses the importance of the seller's disclosure for both buyers and sellers. He emphasizes that sellers are required to provide a disclosure form detailing any known material facts about the property. For buyers, receiving this disclosure is crucial before making an offer, as it ensures they are informed about the property's condition. Mark highlights the risk of purchasing a home without this information, stressing the necessity of understanding any issues that may exist before completing the transaction. Buyers should always ensure they receive the seller's disclosure to avoid potential complications after the sale.