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Which of the following are Indiana real estate licensees required to disclose to their potential clients?
(d) A licensee shall disclose to a prospective buyer or tenant adverse material facts or risks actually known by the licensee concerning the physical condition of the property and facts required by statute or regulation to be disclosed and that could not be discovered by a reasonable and timely inspection of the ...
Is Indiana a full disclosure state?
Since the mid-1990's, the State of Indiana has required sellers of single-family residential real estate to complete and deliver to buyers a disclosure form entitled \u201cSeller's Residential Real Estate Sales Disclosure\u201d, pursuant to the requirements of Indiana Code § 32-21-5.
When must Indiana sellers deliver the sellers residential real estate sales disclosure form to prospective buyers?
Disclosure form; presentation required before acceptance of offer. Sec. 10. (a) An owner must complete and sign a disclosure form and submit the form to a prospective buyer before an offer for the sale of the residential real estate is accepted.
Are sellers disclosures required in Indiana?
Indiana law (IC 32-21-5) generally requires sellers of 1-4 unit residential property to complete this form regarding the known physical condition of the property. An owner must complete and sign the disclosure form and submit the form to a prospective buyer before an offer is accepted for the sale of the real estate.
Does Indiana require a seller's disclosure?
Indiana law (IC 32-21-5) generally requires sellers of 1-4 unit residential property to complete this form regarding the known physical condition of the property. An owner must complete and sign the disclosure form and submit the form to a prospective buyer before an offer is accepted for the sale of the real estate.
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But, there are 12 states that are still considered \u201cnon-disclosure:\u201d Alaska, Idaho, Kansas, Louisiana, Mississippi, Missouri (some counties), Montana, New Mexico, North Dakota, Texas, Utah and Wyoming. In a non-disclosure state, transaction sale prices are not available to the public.
Is Indiana a disclosure state?
The State of Indiana requires the filing of a sales disclosure form (SDF) whenever real property is sold.
What is SDF property?
Indiana state law (IC 6-1.1-5.5) requires the filing of a sales disclosure form (SDF) whenever real property is sold. These data are used by assessors in the determination of the annual market-based adjustments of assessed property values.
Is Indiana a disclosure state?
The State of Indiana requires the filing of a sales disclosure form (SDF) whenever real property is sold.
When must the Indiana residential real estate sales disclosure form be delivered to the buyer?
Indiana law (IC 32-21-5) generally requires sellers of 1-4 unit residential property to complete this form regarding the known physical condition of the property. An owner must complete and sign the disclosure form and submit the form to a prospective buyer before an offer is accepted for the sale of the real estate.
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