Lisa, an Ohio buyer, receives the Residential Property Disclosure Form and discovers that the seller marked several items as 'Unknown.' Lisa asks her agent whether the seller can do this. Under ORC §5302.30, which statement is correct?
Correct Answer
B) The seller may mark items as 'Unknown' if they genuinely do not know the condition
Under ORC §5302.30, sellers may mark items as 'Unknown' if they genuinely do not know the condition. The form is designed to capture the seller's actual knowledge, and honest use of 'Unknown' is appropriate when the seller lacks information about a specific condition.
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Previous Question
Under ORC §5302.30, the Ohio Residential Property Disclosure Form requires disclosure of various property conditions. All of the following must be disclosed on the form EXCEPT:
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Robert, an Ohio seller, learns of a new foundation crack after completing the Residential Property Disclosure Form but before closing. Under ORC §5302.30, what is Robert's obligation?