State Laws
Seller Duties – The seller must provide the buyer with a property disclosure statement within five business days of reaching a mutual agreement to purchase, unless the buyer expressly waives the right.[1][2]
Buyer’s Rights – The buyer has the right to rescind the purchase contract within three business days of receiving the disclosure statement. Once the buyer delivers a written recision notice to the seller, all deposits and considerations must be immediately returned to the buyer.[3]
Seller’s Disclosures (3)
 Seller Disclosure Statement (required) – A statement outlining the condition of the property. The seller must provide the statement to the buyer within five days after reaching a mutual agreement to purchase.
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 Lead-Based Paint Disclosure (conditional) – Used to inform buyers of the existence of lead-based paint on the premises (only applicable to residences built prior to 1978).[4]
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 Lead-Based Paint Pamphlet (conditional) – Gives general information about lead-based paint for properties built before 1978.[5]
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