In Idaho, a seller who makes a good faith disclosure of a known property defect on the Seller's Property Disclosure Form:
Correct Answer
B) Is protected from liability for that honestly disclosed defect
Under Idaho Code § 55-2516, a seller who discloses known defects in good faith on the Seller's Property Disclosure Form is protected from liability for those disclosed conditions, provided the disclosure is honest and complete. The purpose of the good faith disclosure protection is to encourage full transparency without exposing sellers to undue legal risk for conditions they openly revealed.
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Related Topics & Key Terms
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Related Concepts
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.
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