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Seller's Disclosure Notice | TREC.
The document provided by the seller that described the condition of the property is known as the Transfer Disclosure Statement. As a buyer, you should receive this document during the contract contingency period. The TDS is arguably one of the most important documents of the entire mortgage process.
The Texas Property Code requires that most home sellers fill out a Seller's Disclosure form. The purpose of the form is to disclose any issues with the house you are selling that you are aware of and give the potential buyers information and a historical account of your home.
The State of Georgia is a \u201cBuyer Beware\u201d State ~ the rule in Georgia is Caveat Emptor (let the buyer beware). It is a law that puts responsibility on the buyer to learn of any defects of the home.
Although Georgia's statutes do not require sellers to fill out a disclosure form, Georgia courts have stated that home sellers must inform buyer about any latent or known material (important) defects in the condition of the home.
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Hint: The form used to disclose the condition of the property is the "Transfer Disclosure Statement" (TDS).
1. physical material facts listed on the Seller's Disclosure Notice (formerly the Seller's Disclosure of Property Condition) form.. 2. material facts that may be of importance to the buyer's decision..
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.
Seller's Disclosure Notice | TREC.
In Georgia, designated agency is denied by state statute not to be dual agency. (d) Dual Agency: Georgia law allows both parties to agree to have one agent or broker represent them in a real estate transaction at the same time.

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