A California listing agent inspects a property in Long Beach and observes water stains on the ceiling and a water heater missing the required earthquake strapping. The seller insists the stains are from a spill, not a leak. Which statement BEST describes the agent's TDS obligation?
Correct Answer
B) The agent must disclose both the water stains and the missing earthquake straps on the TDS regardless of the seller's explanation
Under California Civil Code §2079, the agent must disclose all material facts discovered during the visual inspection of accessible areas. Both the water stains and missing earthquake straps are observable conditions that must be reported. The agent cannot accept the seller's explanation in lieu of disclosure.
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A property owner transfers their residence into a revocable family trust for estate planning purposes, with the transferors named as beneficiaries. Which of the following correctly describes the TDS requirement for this transfer under California law?
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