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New york state disclosure form for buyer and seller

The New York State Disclosure Form for Buyer and Seller 2025

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The document is a New York State Disclosure Form for real estate transactions, outlining the agency relationships between buyers, sellers, and real estate agents. It explains the roles and fiduciary duties of seller's agents, buyer's agents, broker's agents, dual agents, and designated sales agents. The form emphasizes that it is not a contract and advises parties to seek professional legal or tax advice if needed. It also requires acknowledgment of receipt by the buyer(s) and/or seller(s).

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Click ‘Get Form’ to open it in the editor.
Begin by filling in the name of the licensee who provided you with this form. This is crucial for establishing the agency relationship.
Next, enter the name of the company, firm, or brokerage associated with the licensee. This identifies the real estate entity involved.
Indicate your relationship by checking the appropriate box: Seller’s agent, Buyer’s agent, Broker’s agent, Dual agent, or Dual agent with designated sales agents.
If you selected 'Dual agent with designated sales agents', specify who is appointed to represent both parties in this transaction.
Finally, acknowledge receipt of this disclosure form by signing and dating it as either a Buyer or Seller.

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Who fills out the property disclosure form?

California requires sellers to complete a , and real estate agents may not fill out this form for the seller.

Is seller disclosure mandatory in NY?

NY Statute Mandating Disclosure of Material Defects It requires home sellers to make certain disclosures about material defects in the property or pay a credit of $500 to the home buyer at closing. Many if not most home sellers in New York actually opt not to complete the statement, and instead pay the credit.

Where can I find the property disclosure form?

The property disclosure statement is commonly attached to a purchase agreement after its completed and signed by both the buyer and seller.

What is a NYS disclosure form for buyer and seller?

The electronic form covers all the details of the real estate transaction, including disclosure information on the sellers agent, buyers agent, brokers agent and dual agent. Once the form is complete, both parties can sign off on the information electronically.

When should the New York state disclosure form be used?

Is a sellers disclosure required in New York State? According to N.Y. Real Property Law 460-466, home sellers in the state are legally required to disclose any property defects of which they are aware. The disclosure statement must be provided to the buyer at least 10 days before the contract is signed.

nys disclosure form for buyer and seller

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What needs to be disclosed when selling a house in NY?

Details on specific disclosures required They must disclose known defects in the property, including issues with the foundation, roof, water and sewage systems and pests. Additionally, they must inform the buyer of any environmental hazards on or near the property, such as proximity to a floodplain or radon gas.

Who is responsible for completing disclosure forms in NY?

The PCDA requires sellers to complete a standard form disclosure statement, a copy of which is available on the New York Department of State, Division of Licensing Services website.