State Laws
Seller Duties – The seller is required to disclose all known characteristics and conditions about the property to the buyer.[1] They must provide the required disclosures to the buyer before or when an offer is made.[2]
Buyer Rights – If the required disclosures are not delivered to the buyer by the time they make an offer, the buyer has the right to cancel the residential purchase agreement within three days of executing the agreement.[3]
Agent Duties – A real estate broker acting as an agent in a residential real estate transaction has the duty to inform their client of their rights and obligations.[4]
Seller’s Disclosures (4)
 Property Disclosure Statement (required) – Sellers are required to provide potential buyers with a standardized statement that details the material condition of the property, including the water supply, sewage disposal, heating, and plumbing.[5]
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 Mineral, Oil, and Gas Rights Disclosure (required) – The owner of the real property must provide the purchaser with a mineral and oil and gas rights disclosure statement. This requirement applies to transfers of residential real property consisting of not less than one or more than four dwelling units.[6]
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 Lead-Based Paint Disclosure (conditional) – The sellers of all buildings made prior to 1978 must provide purchasers with a written statement disclosing their knowledge regarding the use of toxic lead-based paint in the building.[7]
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 Lead-Based Paint Pamphlet (conditional) – Gives general information about lead-based paint for properties built before 1978.[8]
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