Unit 2: Assist with Seller Disclosures

In which section of the Tennessee Residential Property Condition disclosure form can sellers provide information that a garbage disposal will be include with the property?

Inclusions

Which option is an example of an environmental issue that would be disclosed on the Seller's Disclosure Statement?

Lead-based paint

Margarita's seller client, Ralph, is completing the Tennessee residential property condition disclosure form. Which of the following duties does Margarita have to her client with regard to completing the form?

Margarita should inform Ralph of his duty to disclose material facts about the property.

Frank is selling his deceased aunt's home in DC and is having trouble completing some of the sections on the Seller's Disclosure Statement. Who is legally able to give him information he can use to complete the form?

A licensed home inspector

Your seller's property has a power line running through the very back of the yard. What disclosable item is likely associated with the property?

An easement

Which of the following properties requires a lead disclosure?

Duplex built in 1959

If a seller doesn't provide property condition disclosures, does the buyer have any recourse?

The buyer can take the seller to court.

A prospective buyer is curious why a previous owner is selling such a perfect home. The licensee knows that the previous owner recently died due to complications from AIDS. How should the licensee respond to the prospective buyer's inquiry?

The licensee can't disclose that a previous owner had HIV or AIDS.