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The Transfer Disclosure Statement (TDS) is required in the state of California unless the seller (or transferor) meets one of the following conditions: Court-ordered sales such as probate sales, foreclosure sales, sale by bankruptcy trustee, eminent domain.
The (TDS) describes the condition of a property and, in the case of a sale, must be given to a prospective buyer as soon as practicable and before transfer of title.
General Disclosure Duties: You must affirmatively disclose to the buyer, in writing, any and all known facts that materially affect the value or desirability of your Property. You must disclose these facts whether or not asked about such matters by the buyer, any broker, or anyone else.
Sellers in real estate transactions have many disclosure obligations. Most docHubly, sellers are required to disclose all material facts (of which they have knowledge) that may affect the value and desirability of the property.
As a broad rule, all sellers of residential real estate property containing one to four units in California must complete and provide written disclosures to the prospective buyers.
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People also ask

This contract requires you to fill out the (SPQ) when you are required to fill out the (TDS). For more residential sales, you will be required to fill out the TDS by law, though there are exceptions. The SPQ protects you, the seller.
If the property is being transferred through the probate process or via a will, no disclosure is required. 2. Debt. If foreclosure or bankruptcy brought on by debt triggers the transfer of the property, no disclosure is required.
Sellers and buyers can include a variety of requirements in a California land purchase agreement: Purchase price and payment terms. Interest rates. Fees based on taxes and insurance.
Which of these transactions in California is exempt from agency disclosure requirements? Agency disclosure is not required for transactions involving residential properties with five or more units, as these are exempt from this disclosure requirement.
The Transfer Disclosure Statement (TDS) is required in the state of California unless the seller (or transferor) meets one of the following conditions: Court-ordered sales such as probate sales, foreclosure sales, sale by bankruptcy trustee, eminent domain.

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