State Laws
Termination Right – If a buyer does not receive all the required disclosures prior to the sale, they have three days to terminate their agreement (or five days from the date of mailing) by delivering notice to the seller or seller’s agent.[1]
Non-Material Facts – The seller is not required to disclose information about any deaths that occurred on the property more than three years prior. However, if the buyer asks the seller directly, the seller must not make an “intentional misrepresentation” of the facts.[2]
Seller’s Disclosures (13)
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Real Estate Tax Disclosure (required) – The following must be included in the agreement in 12-point font and a 14-point font title:[11]
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