Under the Maine Seller Disclosure Act and Maine real estate practice, which of the following items would typically be included in a seller's property disclosure statement? All of the following are typically required to be disclosed EXCEPT:
Correct Answer
C) The seller's original purchase price and the profit the seller expects to make on the sale
The Maine Seller Disclosure Act, 33 M.R.S. §§ 173–174, requires sellers to disclose known material defects and conditions affecting the property itself — such as structural issues, environmental hazards, and system defects. The seller's original purchase price and anticipated profit are financial matters personal to the seller and are not required disclosures under the property condition disclosure statement. These financial details are not material defects or property conditions.
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