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This document serves as a disclosure form for residential real property, alerting potential buyers to the risks of lead-based paint hazards and radon exposure, particularly for properties built prior to 1978. It includes seller and purchaser acknowledgments of the risks, necessary disclosures, and certifications regarding the accuracy of the information provided.

How to fill out real estate disclosure form

How to fill out real estate disclosure form

1. Start with your personal information: Write your name, the property address, and date at the top of the form.
2. Review the form: Understand which sections apply to your property.
3. Answer each question: Provide truthful and accurate responses about the property's condition, defects, or issues.
4. Disclose known issues: Mention any repairs made, unresolved issues, or hazards (e.g., mold, pests).
5. Provide additional information: If necessary, attach supplementary documents or details that clarify your disclosures.
6. Sign and date: After completing the form, sign and date at the bottom to affirm the accuracy of the information provided.
7. Submit the form: Provide the completed disclosure form to potential buyers or their agents.

Who needs real estate disclosure form?

1. Property sellers: They are required to disclose information about the property's condition to potential buyers.
2. Real estate agents: They must understand the form to properly advise their clients and facilitate transparent transactions.
3. Buyers: They need the form to be aware of any potential issues with the property before finalizing their purchase.
4. Landlords: In certain jurisdictions, they may need to provide disclosures about rental properties to prospective tenants.

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What is real estate disclosure form?

A real estate disclosure form is a document that sellers use to disclose known information about the condition of their property, including any defects or issues that could affect its value or desirability.

Who is required to file real estate disclosure form?

Generally, property sellers are required to file a real estate disclosure form. This includes individual sellers, real estate agents, and sometimes landlords renting out properties.

How to fill out real estate disclosure form?

To fill out a real estate disclosure form, begin by providing basic property information, then answer questions regarding the condition of the property, including issues related to structural integrity, plumbing, electrical systems, and any other known defects.

What is the purpose of real estate disclosure form?

The purpose of the real estate disclosure form is to inform potential buyers about the current condition of the property and any known issues, helping them make informed decisions during the buying process.

What information must be reported on real estate disclosure form?

The information that must be reported includes known defects, past repairs, the property's systems and appliances' condition, environmental hazards, and any legal issues affecting the property.