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?
Correct Answer
B) Provide an amended TDS disclosing the newly discovered foundation crack as soon as practicable
Under California Civil Code §1102.3(c), if the seller becomes aware of new material information after delivering the TDS but before close of escrow, the seller must provide an amended disclosure as soon as practicable. The buyer then receives a new rescission period.
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Previous Question
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?
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A seller completing the Transfer Disclosure Statement in California must disclose various property conditions. All of the following must be disclosed on the TDS EXCEPT: