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2816 NEW YORK AVE HALETHORPE, MD 21227 Estimated Resale Value *: $383,000* The Estimated Resale Value (ERV) of the property is based on an automated value obtained from a third party, assuming the

How to fill out agent visual inspection disclosure

How to fill out agent visual inspection disclosure

1. Begin by obtaining the agent visual inspection disclosure form from your agency or regulatory body.
2. Fill in your name and contact information at the top of the form.
3. Provide details of the property being inspected, including the address and any relevant identifiers.
4. Conduct a thorough inspection of the property, noting the current condition of each room and significant features.
5. List any visible defects or concerns in the appropriate sections of the form.
6. Include disclaimers to clarify that the inspection is visual and does not constitute a structural or comprehensive inspection.
7. Sign and date the form to certify that the information provided is accurate to the best of your knowledge.
8. Provide a copy of the completed form to all relevant parties involved in the real estate transaction.

Who needs agent visual inspection disclosure?

1. Real estate agents who are representing buyers or sellers in a property transaction.
2. Property sellers to disclose the condition of their property to potential buyers.
3. Buyers who need to understand any visible issues before finalizing the purchase.

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What is agent visual inspection disclosure?

Agent visual inspection disclosure is a formal statement where a real estate agent reports on the visual inspection of a property, highlighting any observed defects or issues that may affect its value or condition.

Who is required to file agent visual inspection disclosure?

Real estate agents involved in the sale or transfer of residential properties are typically required to file agent visual inspection disclosures.

How to fill out agent visual inspection disclosure?

To fill out an agent visual inspection disclosure, agents must accurately describe the property's condition, noting any visible defects, necessary repairs, and relevant details consistent with state regulations.

What is the purpose of agent visual inspection disclosure?

The purpose of agent visual inspection disclosure is to ensure transparency in real estate transactions by informing potential buyers of any observable issues with the property.

What information must be reported on agent visual inspection disclosure?

The information that must be reported includes the condition of major systems (like plumbing, electrical, and roofing), visible damages, repairs needed, and any other significant observations.