From NAR
NAR’s Consumer Guide to Seller Disclosures is a helpful resource for homeowners preparing to list their property and buyers who want to better understand the information shared during a transaction.
The guide explains what seller disclosures are and why they matter. In most cases, sellers must disclose material defects or conditions that could affect a property’s value, such as past repairs, known issues with the home, natural hazards, HOA rules, or other factors that could influence a buyer’s decision. While the exact requirements vary by state and local law, disclosures are typically documented in a formal property disclosure statement.
For REALTORS®, this guide is a useful way to reinforce transparency throughout the transaction. Clear disclosure helps buyers make informed decisions and can protect sellers from future liability when known issues are properly documented upfront.
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