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What do you have to disclose when selling a condo in Florida?
What has to be disclosed? A seller must disclose any facts or conditions they know about that materially affect the value of the property. This means that they have to tell a buyer about any issue that would reduce the value of the property or make the property less desirable.
What is a single agent in Florida?
A Single Agent is defined by Florida Statutes Chapter 475, Part I as a broker who represents either the buyer or seller of real estate, but not both in the same transaction. It is the highest form, providing the most confidence to the customer that the Realtor represents only the customers interest.
Is mold disclosure required in Florida?
Mold Disclosure Requirements in Florida While lead paint disclosures are required from a landlord, there are no regulations or statutes that require a similar disclosure when it comes to mold contamination.
Is a property disclosure statement required in Florida?
While a sellers property disclosure form is not required under Florida law, Florida law does require sellers and their realtors to disclose any docHub property defects that may not be easily visible to the buyer.
Is a lead based paint disclosure required in Florida?
The seller of any interest in residential real property is required to provide the buyer with any information on lead-based paint hazards from risk assessments or inspection in the sellers possession and notify the buyer of any known lead-based paint hazards.
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In Florida a seller of residential property is obligated to disclose to a buyer all facts known to a seller that materially and adversely affect the value of the Property being sold which are not readily observable by a buyer.
What disclosures does Florida require?
In Florida a seller of residential property is obligated to disclose to a buyer all facts known to a seller that materially and adversely affect the value of the Property being sold which are not readily observable by a buyer.
Which of the following items must be disclosed by a transaction broker?
A transaction broker must disclose any adverse material facts which are actually know about the property.
What is the definition of a single agent?
Single agent means a broker who represents, as a fiduciary, either the buyer or seller but not both in the same transaction.
Is Hoa disclosure required in Florida?
Florida Statute 720.401 requires that buyers must be notified when they are purchasing a home located in a community with required membership in a homeowners association (HOA).
Related links
Chapter 475 Section 278 - 2013 Florida Statutes
Single agent duties disclosure.The notice required under subparagraph (b)1. must include the following information in the following form:.
by K WOZNIAK Cited by 1 The coastal hazards disclosure law requires that sellers or sellers agents notify purchasers that the property being purchased may be.
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