A buyer's agent in Massachusetts is working with clients who are purchasing a home built in 1985. The seller has not provided a Property Transfer Notification Certification. What is the most accurate statement about this situation?
Correct Answer
D) The PTNC is not required because the property was built after 1978
The Massachusetts Property Transfer Notification Certification requirement under MGL Chapter 111, Section 197 applies only to residential properties built BEFORE 1978. A home built in 1985 was constructed after the 1978 cutoff date, so no PTNC is required for this transaction.
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Related Topics & Key Terms
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Related Concepts
A property condition disclosure is a written statement by the seller detailing the known condition of the property, including defects, repairs, and issues with major systems. Most states require sellers to complete this form.
Protected classes are groups of people who are legally shielded from discrimination based on specific characteristics.
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.
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