In BC, who is required to complete a Property Disclosure Statement (PDS)?
Correct Answer
A) The seller
In BC, the Property Disclosure Statement is completed by the seller and discloses known material defects and relevant information about the property. While not legally mandatory, it is standard practice and the buyer typically requests it as part of the Contract of Purchase and Sale.
Why This Is the Correct Answer
Option A is correct because in BC, the Property Disclosure Statement is completed by the seller. The seller discloses known material defects and relevant information about the property based on their actual knowledge. While the PDS is not legally mandatory, it is standard practice and buyers typically request it as part of the transaction. The seller signs the PDS, taking responsibility for the accuracy of the information provided.
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