Which California disclosure document requires the seller and listing agent to report known physical defects and the condition of the property's structural and mechanical components?
Correct Answer
A) Transfer Disclosure Statement (TDS)
The Transfer Disclosure Statement (TDS), required under California Civil Code §1102, obligates the seller and both agents to disclose known material facts about the property's physical condition, including structural components, mechanical systems, and observable defects. It is the primary seller-mandated disclosure covering the property's condition.
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Previous Question
A buyer in Marin County receives an NHD report that correctly identifies the property as being in a Seismic Hazard Zone. The report does not, however, include a supplemental tax disclosure or information about Mello-Roos. The buyer's agent asks whether the NHD company should have included this information. What is the correct answer?
Next Question
A listing agent in Napa Valley orders a third-party NHD report for a rural property. The report identifies the property as being in a State Fire Responsibility Area. The property is surrounded by dry grassland and oak trees. In addition to the NHD, what California-specific fire-related disclosure must be provided to the buyer?