Environmental Hazards: A Guide for Homeowners and

Chapter 3 - Real Estate 3 Flashcards Compliance with environmental hazards disclosure requires The buyer sign that they have received a booklet entitled

Environmental Hazards: A Guide for Homeowners and

Buyers.A selling agent must comply with agency disclosures to the buyer prior to showing property.A Transfer Disclosure Statement must be provided to the buyer when the sale involves a 3-unit residential building An agent's inspection under Easton vs. Strassburger (as codified by state statutes) applies to visual inspections.accessible areas only.1 to 4 residential units.An agent need not disclose to a buyer that: a former owner had AIDS.There was a death by murder or suicide on the property more than 3 years ago.The proper order of the steps taken in agency disclosure isdisclose, elect, confirm A fiduciary relationship applies to a real estate licensee and to his or her principal.Real estate disclosure laws applyprimarily for 1 to 4 residential units.The Seller Financing Disclosure Statement provided to both buyer and seller provides credit terms.a warning as to balloon payments.disclosure of deferred interest The earthquake safety disclosure statement applies to 1 to 4 residential units.must be signed by buyer and seller.