May 2016: Real Estate Roundup

A final word on property disclosure forms

Lance Evans

Lance Evans

In March and April, I wrote about two state-required real estate forms. The first was the Agency Disclosure form, which is used by real estate licensees every time they work with a new client or customer in a residential real estate transaction. This includes a provision for advanced consent for the firm to represent both the seller and buyer in the transaction. There is a form for the seller/buyer transaction and a separate one for the landlord/tenant transaction. The other form, used in almost every transaction that involves the sale of a one- to four-unit home is the Seller Property Condition Disclosure. [Read more…]