Under Connecticut's Residential Property Condition Disclosure Act (CGS § 20-327b), which of the following is NOT typically required to be disclosed on the seller's property condition disclosure report?
Correct Answer
C) The seller's original purchase price paid for the property
The seller's original purchase price is a financial transaction detail and is NOT required to be disclosed on the Residential Property Condition Disclosure Report under CGS § 20-327b. The disclosure report focuses on the physical condition of the property, including structural issues, environmental hazards, and system defects — not the seller's financial history or acquisition cost.
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Previous Question
Robert is a Connecticut listing agent representing the seller of a residential property. During a walkthrough, Robert notices what appears to be mold growth behind a basement wall panel that the seller has not disclosed. The seller tells Robert to say nothing about it. Under Connecticut law and professional obligations, what should Robert do?
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A Connecticut licensee is representing a buyer purchasing a property that was formerly used as a gas station. The seller's attorney argues that because the property has already been remediated and received a 'No Further Action' letter from DEEP, the Connecticut Transfer Act does not apply to this sale. The buyer's agent disagrees. Which position is correct under CGS § 22a-134?