Under the Maryland Residential Property Disclosure and Disclaimer Act, which of the following is NOT a type of information that sellers are required to address in a Maryland Residential Property Disclosure Statement?
Correct Answer
C) The seller's original purchase price and profit margin on the sale
The seller's original purchase price and profit margin are NOT required disclosures under the Maryland Residential Property Disclosure Statement. The Disclosure Statement focuses on the physical condition of the property, known defects, environmental hazards, and material facts affecting the property's use and habitability — not the seller's financial history or profit. Financial terms of the seller's acquisition are private and not material to the buyer's assessment of the property's physical condition.
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Related Topics & Key Terms
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Related Concepts
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