OK OREC Appendix A - Residential Property Condition Disclosure Statement 2016 free printable template

APPENDIX A. RESIDENTIAL PROPERTY CONDITION DISCLOSURE STATEMENT Notice to Seller: Oklahoma Law (the Residential Property Condition Disclosure Act, Title 60, O.S., 831 ET.seq., effective July 1, 1995)

How to fill out OK OREC Appendix A - Residential Property

How to fill out OK OREC Appendix A - Residential Property Condition

1. Begin by obtaining the OK OREC Appendix A form from the Oklahoma Real Estate Commission website.
2. Read the instructions at the top of the form carefully to understand the requirements.
3. Provide the property address in the designated section.
4. Indicate whether the property is owner-occupied or tenant-occupied.
5. For each item listed in the form, check 'Yes' or 'No' to indicate the condition of the property.
6. Add any additional comments or notes for items that may require clarification.
7. If applicable, list any recent repairs or improvements made to the property.
8. Fill out the section for the seller's disclosure, including signature and date.
9. Review the completed form for accuracy and completeness before submission.

Who needs OK OREC Appendix A - Residential Property Condition?

1. Homeowners looking to sell their property in Oklahoma.
2. Real estate agents representing sellers.
3. Buyers who want to understand the condition of the property prior to purchase.
4. Legal professionals involved in real estate transactions.

People Also Ask about

What do you have to disclose when selling a house in Oklahoma?

Disclaimer / Disclosure Statement A Disclosure Statement shall include an identification of items and improvements which are included in the sale of the property and whether such items or improvements are in normal working order.

What do you have to disclose when selling a house in Oklahoma?

In Oklahoma, you are required to provide information regarding any water and sewer system defects. This ranges from where the water for the home is sourced and if there are any water treatment systems in place. You must also note if there had been any previous water seeping into the heating and air ducts.

What is the most common disclosure in real estate?

Most Common Disclosures in Real Estate Natural Hazards Disclosure. First on the list is the natural hazards disclosure. Market Conditions Advisory (MCA) Market Conditions Advisory, also known as MCA, covers items more financial in nature. State Transfer Disclosure. Local Transfer Disclosure. Megan's Law Disclosures.

Does Oklahoma have a buyer beware law?

Oklahoma's Residential Property Disclosure Act is designed to help buyers be fully informed about the state of a property before they go ahead with the sale. It requires sellers to disclose a comprehensive list of known defects that could impair the safety of new occupants or adversely affect the value of the property.

Who is responsible for filling out the Oklahoma Residential property Disclosure Statement?

A Seller must complete, sign and date this disclosure form and deliver it or cause it to be delivered to a purchaser as soon as practicable, but in any event no later than before an offer is accepted by the Seller.

What is the Oklahoma Residential Disclosure Act?

this act applies to, regulates and determines rights, duties, obligations and remedies at common law or otherwise of the seller, the real estate licens- ee and the purchaser with respect to disclosure of defects in property and supplants and abrogates all common law liability, rights, duties, obligations and remedies

Which disclosure is the most commonly required in a residential real estate?

The State Transfer Disclosure is required for all home sales in California. The transfer disclosure statement (TDS) evaluates the condition of a property. Every residential seller must complete the TDS document. It will let the buyer know about major defects at the property.

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What is OK OREC Appendix A - Residential Property Condition?

OK OREC Appendix A - Residential Property Condition is a standardized form used to disclose the condition of a residential property, ensuring that potential buyers have knowledge of any issues or defects before purchase.

Who is required to file OK OREC Appendix A - Residential Property Condition?

Sellers of residential properties in Oklahoma are required to file OK OREC Appendix A - Residential Property Condition to disclose known property conditions to prospective buyers.

How to fill out OK OREC Appendix A - Residential Property Condition?

To fill out OK OREC Appendix A - Residential Property Condition, sellers must complete each section of the form, providing details about the property's condition, including any defects, repairs, or issues, and sign the document.

What is the purpose of OK OREC Appendix A - Residential Property Condition?

The purpose of OK OREC Appendix A - Residential Property Condition is to provide transparency in real estate transactions by disclosing any known issues with the property, protecting both buyers and sellers.

What information must be reported on OK OREC Appendix A - Residential Property Condition?

On OK OREC Appendix A - Residential Property Condition, sellers must report information regarding the property's structural integrity, mechanical systems, environmental hazards, and any other defects or maintenance issues that could affect the property's value.