Under NRS Chapter 113, the Seller's Real Property Disclosure Form in Nevada requires sellers to disclose known material conditions and defects. Which of the following is NOT typically required to be disclosed by the seller on the Seller's Real Property Disclosure Form?
Correct Answer
A) The seller's original purchase price paid for the property
The seller's original purchase price is not a required disclosure item on the Nevada Seller's Real Property Disclosure Form. The SRPD form focuses on the physical condition of the property — known defects, system conditions, environmental issues, and other material facts affecting the property itself. The price the seller paid is not a material physical condition of the property and is not mandated by NRS Chapter 113.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
A property condition disclosure is a written statement by the seller detailing the known condition of the property, including defects, repairs, and issues with major systems. Most states require sellers to complete this form.
Protected classes are groups of people who are legally shielded from discrimination based on specific characteristics.
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