Under California law, both the listing agent and the buyer's agent have independent duties to conduct a reasonably competent and diligent visual inspection of a residential property. Which of the following forms is used in California real estate practice to document the findings of that inspection?
Correct Answer
A) The Agent Visual Inspection Disclosure (AVID)
The Agent Visual Inspection Disclosure (AVID) is the C.A.R. standard form used in California practice for agents to document the findings of their visual inspection. California Civil Code §2079 imposes a statutory duty on agents to conduct a reasonably competent and diligent visual inspection of accessible areas of a residential property and disclose material facts. While the TDS includes agent inspection sections, the AVID provides a more detailed, structured format for agents to record those observations and is widely used to satisfy and supplement that statutory obligation.
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Previous Question
Under California law, the listing agent has a duty to conduct a visual inspection of the property and report findings on the TDS. All of the following are within the scope of the agent's visual inspection duty EXCEPT:
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An investor purchases a four-unit apartment building in San Jose, California, from a bank that acquired the property through foreclosure. The investor asks the bank for a Transfer Disclosure Statement. How should the bank respond?