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Agency Disclosure (§ 520-1-. 06(4)(b)) \u2013 No standardized form. Georgia law demands that licensees describe to both buyers and sellers the relationship established upon accepting representation by an agent.
Flooding issues and plumbing leaks are the most common disclosures top real estate agents say they encounter. \u201cThe biggest issue is always the plumbing leaks and the roof issues because of the recent hurricane we had last year,\u201d Fonseca said.
Florida law requires sellers to disclose any issues they know about that materially affect the value of a home or property. This requirement applies even if the buyer does not ask whether the seller knows about defects.
The PDS can give potential home buyers an insight into the condition of the property and anything that may negatively affect the home's value. The PDS allows the seller(s) to disclose details about their home to prospective purchasers.
CORAL SPRINGS, November 21, 2016 \u2013 Florida law requires the seller of a residential property to disclose to the buyer facts materially affecting the value of the property which are not readily observable and unknown to the buyer.
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Property disclosure statements essentially outline any flaws that the home sellers (and their real estate agents) are aware of that could negatively affect the home's value. These statements are required by law in most areas of the country so buyers can know a property's good and bad points before they close the deal.
The second part of Article 4 clarifies that if you're a Realtor selling personal property or property in which you have an ownership in, you must also disclose it in writing before the signing of any contract.
Disclosure statements provide you with the facts you need to make an informed decision. By reading through them and making sure to understand them, you'll better protect yourself from making a bad decision.
What is a Property Condition Disclosure Statement? If you're selling a home, you are required by law in BC to provide a Property Condition Disclosure Statement and other financial statements to the potential buyer. This document details any existing problems with the property and explains how you can resolve them.
A Seller's Disclosure is a legal document that requires sellers to provide previously undisclosed details about the property's condition that prospective buyers may find unfavorable. This document is also known as a property disclosure, and it's important for both those buying a house and for those selling a house.

bc property disclosure statement pdf