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Under what conditions is the residential property and owners association disclosure statement form not required in North Carolina?

A disclosure statement is not required for some transactions, including the first sale of a dwelling which has never been inhabited and transactions of residential property made pursuant to a lease with option to purchase where the lessee occupies or intends to occupy the dwelling.

Is a real estate condition report required in Wisconsin?

Wisconsin statutes require that a home seller provide to a buyer, not later than 10 days after acceptance of a contract of sale or option contract, a Real Estate Condition Report Report. The Report provides the seller the ability to disclose property defects, including the following: STRUCTURAL AND MECHANICAL.

Who has the responsibility to disclose the condition of the property ing to the residential real property Disclosure Act in Illinois?

The seller must disclose known material defects to a prospective buyer. Some of the information a seller must provide about the real estate includes: flooding or leakage, including in the crawl space, basement, roof, ceilings, or chimney. material defects in the roof, ceilings, chimney, walls, windows, doors, or floors.

Which of the following property owners must complete the recr in Wisconsin?

Wis. Stat. 709.01 requires a residential seller to complete a 709.03 RECR, whether they are broker-assisted or For Sale by Owner (FSBO), or risk rescission of the offer to purchase.

Is a property condition report required in Wisconsin?

Most sellers in Wisconsin are required to submit a real estate condition report to any potential buyer. The law does makes an exception, however, for sellers who may not have a reasonable idea of the condition of the property because they have never lived there and/or do not actually own the property.

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Which of the following is true of a transaction where a buyer received a real estate condition report before writing an offer on a property?

Which of the following is true of a transaction where a buyer received a real estate condition report before writing an offer on a property? * A: A buyer cannot rescind an offer based on a condition that the seller disclosed in the sellers real estate condition report.

Who is exempt from completing a real estate condition report in Wisconsin?

Most sellers in Wisconsin are required to submit a real estate condition report to any potential buyer. The law does makes an exception, however, for sellers who may not have a reasonable idea of the condition of the property because they have never lived there and/or do not actually own the property.

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Under what conditions is the residential property and owners association disclosure statement form not required in North Carolina?

Is a real estate condition report required in Wisconsin?

Who has the responsibility to disclose the condition of the property ing to the residential real property Disclosure Act in Illinois?

Which of the following property owners must complete the recr in Wisconsin?

Is a property condition report required in Wisconsin?

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Which of the following is true of a transaction where a buyer received a real estate condition report before writing an offer on a property?

Who is exempt from completing a real estate condition report in Wisconsin?

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