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In Michigan, the seller of a residential property has an obligation to disclose certain information to the buyer of the property in what is commonly referred to as a Sellers Disclosure Statement. The Seller Disclosure Act, MCL 565.951, et seq.
Do you have to disclose mold when selling a house in Washington state?
Sellers are required by law to disclose material defects about residential property in the seller disclosure form in Washington state. Completing the form is essential since it tells most about the condition of the property before the purchase is made. As stated in Section 64.06.
Is a residential property disclosure form required in Ohio?
This form is required by Ohio Revised Code Section 5302.30.
Who should fill out the sellers Disclosure of property Condition quizlet?
Terms in this set (25) the licensee is the seller. -- The only time a licensee should fill out the Sellers Property Condition Disclosure or disclaimer forms is when he/she owns the property.
Is Michigan a full disclosure state?
Michigan law requires a seller of residential property to fill out a standardized form disclosing what he or she personally knows about the home, including any past issues and current imperfections. This form must be completed and returned to the buyer or buyers agent prior to the completion of the sale.
Related Searches
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Are property disclosure forms optional in Ohio in a property transfer?
Section 5302.30 | Property disclosure form required for all residential real property transfers.
What is a disclose form?
A disclosure form is a formal document that contains all the terms, conditions, assets, risks, and liabilities associated with a specific contract or agreement.
What is the Michigan disclosure form?
A Michigan property disclosure statement is a form through which sellers must report the condition of their residential real estate to potential buyers. The items specified may include pending legal cases, unpaid fees, property defects, or damage from flooding or fires.
What is the Ohio residential property Disclosure Form?
The Ohio Residential Property Disclosure Form requires the seller to indicate any known problems or defects regarding a variety of features and structural aspects of the home.
Do realtors have to disclose death in a house in Washington state?
Washington state does not require disclosure of death on a property.
Related links
T-47 Residential Real Property Affidavit
T-47 RESIDENTIAL REAL PROPERTY AFFIDAVIT. (MAY BE MODIFIED AS APPROPRIATE FOR COMMERCIAL TRANSACTIONS) and which we do not disclose to the Title Company.
About the Property Sales Disclosure Form Data - STATS Indiana
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
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