NH's seller disclosure requirements:
Correct Answer
B) Sellers must complete a Seller's Property Condition Disclosure form covering known material conditions
NH requires sellers to complete a disclosure form (RSA 477:4-c) covering known conditions including structure, water, septic, radon, lead, and other material facts.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
A counteroffer is a response to an original offer that changes one or more terms of the offer, effectively rejecting the original offer and creating a new offer. The party who makes the counteroffer becomes the new offeror.
Earnest money is a deposit made by the buyer at the time of the offer or shortly after to demonstrate good faith and serious intent to purchase the property. It is also called a good faith deposit.
Equitable title is the buyer's interest in a property after a purchase contract is signed but before closing, giving the buyer the right to acquire legal title in the future. The seller retains legal title until the deed is delivered at closing.
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- → A Rhode Island licensee encounters a listing contract is drafted. What should the licensee remember?
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