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?
Correct Answer
A) Robert must update the disclosure form to include the newly discovered condition
Under ORC §5302.30, the seller has a continuing obligation to update the Residential Property Disclosure Form if new material information is discovered before closing. Robert must amend the form to include the new foundation crack and provide the updated form to the buyer.
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Previous Question
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?
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Michelle, an Ohio listing agent, notices water stains on the ceiling during her listing appointment. The seller states there is no water problem. Under Ohio law, what is Michelle's obligation?