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What is the SPQ in real estate?

The SPQ is designed to trigger the sellers memory about the property and prompt the seller to disclose specific material facts. The seller must disclose all known material facts, even if those facts relate to things that occurred in the past, including prior to the sellers ownership of the property.

What does SPQ stand for in real estate?

One of our goals is to empower our clients by offering knowledge and information about the real estate process. Among the most important topics is disclosure and today we are discussing the used in California.

What is TDS and SPQ in real estate?

This contract requires you to fill out the (SPQ) when you are required to fill out the (TDS). For more residential sales, you will be required to fill out the TDS by law, though there are exceptions. The SPQ protects you, the seller.

What is a seller questionnaire?

By conducting a seller questionnaire, you can learn key details about your clients homes that they may not be aware of. Some questions you may want to ask include when the home was built, what renovations have been done over the years, and even who has previously lived in the house.

What is the form CSPQ for a car?

Form created for seller to disclose information required by the purchase agreement, by law, or as a result of good risk management practice. The form can be used with a Commercial Purchase Agreement (C.A.R. Form CPA), or a Residential Income Purchase Agreement (C.A.R. Form RIPA) if 5 or more units are being sold.

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What does SPQ mean in real estate?

SPQ - .

Is a required in California?

A: Yes, sellers of residential real property with one-to-four units are required by California law (unless exempt) to provide a buyer with a specified property disclosure form for the purpose of disclosing material information affecting the value or desirability of the property which may influence a buyers decision to

What is a seller questionnaire?

By conducting a seller questionnaire, you can learn key details about your clients homes that they may not be aware of. Some questions you may want to ask include when the home was built, what renovations have been done over the years, and even who has previously lived in the house.

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