In California, the Disclosure Regarding Real Estate Agency Relationships form must be provided in which transactions?

Correct Answer

D) All real property transactions, including commercial property, vacant land and leases exceeding one year

Civil Code 2079.13 defines the real property covered by the agency disclosure article as single-family residential property, multiunit residential property with more than four dwelling units, commercial real property, vacant land, a ground lease coupled with improvements, and manufactured or mobile homes offered through an agent. The same section defines a sale to include creating a leasehold longer than one year, so long-term leases are covered as well. Nothing in the article turns on price or on whether the improvements are new. The one-to-four unit limit that once applied to agency disclosure was removed effective January 1, 2015.