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What is a disclosure chart and why is it important to read?

The Summary Disclosure Chart is designed to provide REALTORS and their clients with an easy-to-use reference guide for determining the applicability of the state and federal laws to real estate transactions most commonly handled by real estate licensees.

What is a damage disclosure statement for a used car?

A damage disclosure statement is required in certain states to inform the buyer of any structural damage to the vehicle. It includes the inspection date, a description of the vehicle, its owner, and any major damage that requires repair or replacement.

What is a disclosure on a car?

The Buyers Guide is a type of vehicle disclosure that tells the customer if the car is being sold as is and if there are any applicable warranties. However, in addition to the Used Car Rule, you must fully disclose a vehicles known history.

What not to say to a dealership?

Lets look at some things to keep under your hat while you explore the lot. I Dont Know Much About Cars My Current Car Is on Its Last Legs My Lease Is Almost Up Im Going to Pay Cash! I Already Have a Car Loan Lined Up I Love This Car Ive Never Bought a New Car Before

What does disclosure mean on a car?

Vehicle dealers are required to disclose certain things about a vehicle that is for sale. In most states, vehicle dealers are required to disclose if a used vehicle that is for sale has incurred any significant damage in an accident, has been designated as salvaged or has been flood-damaged.