EstatePass
Practice Of Real Estate DisclosuresTransfer_disclosure_statementEASY

George, a California seller, completes the TDS for his home in Anaheim. He marks 'Yes' to the question about whether he is aware of any room additions or structural modifications. He then writes that he added a bedroom and bathroom three years ago with a building permit. Under California law, is this disclosure adequate?

Correct Answer

A) Yes, the seller has adequately disclosed the addition and the fact that permits were obtained

The TDS requires the seller to disclose known facts about the property's condition, including room additions and whether permits were obtained. George has done so by noting the addition and stating permits were obtained. The TDS does not require the seller to attach supporting documents like permits or engineering reports.

Answer Options
A
Yes, the seller has adequately disclosed the addition and the fact that permits were obtained
B
No, the seller must have a licensed contractor verify the quality of the work before closing
C
No, the seller must also provide copies of all building permits and certificates of occupancy
D
Yes, but only if the seller also provides the buyer with a structural engineering report

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This Practice Of Real Estate Disclosures Question

Sign up free to unlock full analysis

Background Knowledge for Practice Of Real Estate Disclosures

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in Practice Of Real Estate Disclosures

Sign up free to unlock full analysis

Common Mistakes to Avoid on Practice Of Real Estate Disclosures Questions

Sign up free to unlock full analysis

Related Topics & Key Terms

Key Terms:

TDSroom_additionpermitsseller_disclosureCal_Civil_Code_1102.6

Related Concepts

An as-is clause in a real estate contract states that the buyer accepts the property in its current condition without requiring the seller to make any repairs. However, an as-is sale does NOT eliminate the seller's obligation to disclose known defects.

Asbestos disclosure involves informing buyers about the presence of asbestos-containing materials (ACMs) in a property. Asbestos was commonly used in construction materials before 1980 and poses health risks when fibers become airborne.

Violating fair housing laws can lead to significant penalties, including fines, civil liability, and professional discipline.

Was this explanation helpful?

More Practice Of Real Estate Disclosures Questions

People Also Study

Related Articles

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Start Practicing