Angela, a listing agent in San Diego, notices ceiling stains during her visual inspection of a property. The seller says the stains are from an old spill, not a leak. Under California law, what should Angela do regarding the TDS?
Correct Answer
D) Disclose the ceiling stains on her agent visual inspection section of the TDS as observed conditions
Under California Civil Code §2079, the listing agent must conduct a reasonably competent visual inspection and disclose all findings in the agent section of the TDS. Angela observed ceiling stains — a visible condition — and must report this observation regardless of the seller's explanation about the cause.
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Previous Question
Under California Civil Code §1102.2, several types of real property transfers are exempt from the Transfer Disclosure Statement requirement. Which of the following transactions is NOT exempt from the TDS requirement?
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Carlos is selling his home in Fresno. After delivering the TDS to the buyer, Carlos discovers a new crack in the foundation before escrow closes. Under California Civil Code §1102.3(c), what is Carlos required to do?