Property OwnershipEASY
Michigan's Seller Disclosure Act requires disclosure of:
Correct Answer
B) Known material defects that affect the property value
Michigan's Seller Disclosure Act requires sellers to disclose known material defects that could affect the property's value or desirability.
Answer Options
A
Only structural defectsB
Known material defects that affect the property valueC
Every minor repair neededD
Only environmental hazardsVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
buyer-duties-due-diligenceagency-disclosure-requirementsproperty-disclosure-laws
Key Terms:
Seller Disclosure ActMCL 565.951material defectsknown defectscaveat emptor
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