4.7 Disclosure of Property Defects

  • Listing Agents for the Company must disclose all material adverse facts pertaining to the physical condition of the property to any potential purchasers prior to ratifying a contract to purchase a property.
  • Any material adverse defect that has been remedied does not need to be disclosed.  Proper documentation indicating that a defect has been remedied should be obtained from the seller by the listing Agent.
  • A Residential Property Disclosure Statement must be signed by the Seller and provided to any Purchasers prior to ratifying a contract, if applicable by law.
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