Under the Minnesota Residential Real Property Disclosure Act, which statute governs the seller's obligation to provide a Seller's Property Disclosure Statement to a prospective buyer?
Correct Answer
B) Minn. Stat. § 513.52–513.60
Minn. Stat. § 513.52–513.60 is the Minnesota Residential Real Property Disclosure Act, which requires sellers of residential real property to complete and deliver a Seller's Property Disclosure Statement disclosing known material defects and conditions to prospective buyers.
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Related Concepts
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.
Many states and localities have fair housing laws that expand upon the protections offered by the federal Fair Housing Act.
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