What Does Agency Disclosure Required Mean? agency disclosure. a written explanation, to be signed by a prospective buyer or seller of real estate, explaining to the client the role that the broker plays in the transaction. Why is agency disclosure mandatory? The purpose of the agency disclosure form is to protect the client. Upon signing,
What Does A Seller Have To Disclose When Selling A Home? List of specific issues the homeowner must check off if the home has them. Questions about the property the seller must answer with “Yes,” “No” or “Unknown” Space to provide further explanation of the issue and if it was fixed. What should a seller’s
What Happens If A Seller Does Not Disclose? If a seller fails to disclose, or actively conceals, problems that affect the value of the property; they are violating the law, and may be subject to a lawsuit for recovery of damages based on claims of fraud and deceit, misrepresentation and/or breach of contract. Can you
What Is The Purpose Of A Disclosure Statement? The purpose of a disclosure statement is to provide explanatory information regarding the significant features of the insurance policy to enable the insured to make an informed decision regarding purchasing the insurance policy. What is purpose of disclosure? The purpose of disclosure is to make available evidence
Does A Seller Have To Disclose Water Damage? Does a seller have to disclose water damage? Sellers of Ohio real estate don’t have to disclose everything. If the problem is open to observation, like a water stain in the ceiling that could be seen by anyone walking under it, then the seller does not have