In Montana, what document must a seller provide to a buyer disclosing the known condition of the property before or at the time of an accepted offer?
Correct Answer
B) A Property Condition Disclosure form completed by the seller
Montana law (MCA 37-51-306) requires sellers of residential real property to complete and provide a Property Condition Disclosure form to the buyer before or at the time of an accepted purchase offer. This form requires the seller to disclose known material defects and conditions affecting the property. It is not a warranty, a home inspection, or a certificate of occupancy — it is a seller's written disclosure of the property's known condition based on the seller's actual knowledge.
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Related Concepts
Radon disclosure involves informing buyers about the presence or potential presence of radon gas in a property. Radon is a naturally occurring radioactive gas that can accumulate in buildings and is the second leading cause of lung cancer.
Fair housing laws apply to a broad range of activities related to housing, including sale, rental, financing, and advertising.
A seller's disclosure statement is a form that sellers complete to inform buyers about the condition and history of the property, including known defects, past repairs, insurance claims, and environmental issues.
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