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Mandated DisclosuresSeller_disclosuresEASY

Under the Montana Seller Disclosure Act, when must a seller of residential real property deliver the written disclosure statement to the buyer?

Correct Answer

A) Before or at the time of an accepted offer

Under the Montana Seller Disclosure Act (MCA Title 37, Chapter 51, Part 3), the seller must deliver the written disclosure statement before or at the time of an accepted offer. This is one of Montana's most tested disclosure timing rules and is stricter than simply requiring delivery 'before closing.'

Answer Options
A
Before or at the time of an accepted offer
B
Within three business days after an offer is accepted
C
No later than five days before the scheduled closing date
D
At any point prior to the closing of the transaction

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Related Topics & Key Terms

Key Terms:

seller_disclosuredisclosure_timingmontana_seller_disclosure_actresidential_property

Related Concepts

A material defect is a condition that significantly affects the value, desirability, or safety of a property and that would likely influence a reasonable buyer's decision to purchase or the price they would pay.

Megan's Law requires states to make information about registered sex offenders available to the public. Some states require real estate agents to inform buyers about the availability of sex offender registries.

Mold disclosure involves informing buyers about the presence of mold or conditions that are conducive to mold growth in a property. While no federal mold disclosure law exists, many states require disclosure of known mold issues.

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