Under KRS 324.360, all of the following categories of residential property sales in Kentucky are exempt from the seller disclosure form requirement EXCEPT:
Correct Answer
D) An 'as-is' sale of a primary residence by an owner-occupant
An 'as-is' sale by an owner-occupant is NOT exempt from the Kentucky Seller Disclosure requirement under KRS 324.360. The 'as-is' label affects repair obligations but does not eliminate the seller's statutory duty to disclose known material defects. This is one of the most frequently tested traps on the Kentucky state exam.
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Related Topics & Key Terms
Key Terms:
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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