Property Condition Discovery and Disclosure Compliance: Doing Your Due Diligence

This course covers information to aid real estate licensees in better understanding how to comply with the laws the govern real estate property condition disclosure. This course covers the obligations of sellers, buyers, and agents in the discovery and disclosure of residential property conditions. Focus is given to requirements for making environmental hazard disclosures and handling stigmatized property disclosure exceptions.

COURSE HIGHLIGHTS

•    Recall material facts and defects that require seller disclosure is most states.
•    Describe the obligations of sellers and seller agents in providing property condition disclosures to potential buyers.
•    Describe the obligations of buyer agents in ensuring clients understand the seller’s disclosure process and important steps in buyer due diligence.
•    Learn about the health risks and disclosure requirements for potential internal and external environmental hazards.
•    Review how to handle inquires and disclosure exceptions related to stigmatized property, HIV/AIDs exposure, and sex offenders.
•    Read case information to learn how courts have ruled in different states and under different circumstance in handling complaints related to the property disclosure obligations and liabilities of individuals involved in a real estate sales transaction.