EstatePass
Mandated DisclosuresSellers_property_disclosure_statement_ors_105EASY

Under Oregon's Seller's Property Disclosure Act, which type of residential property transaction triggers the seller's obligation to provide a written disclosure statement?

Correct Answer

A) Residential real property consisting of one to four dwelling units

Under ORS 105.464, the seller's disclosure obligation applies to residential real property consisting of one to four dwelling units. This is the statutory scope of Oregon's Seller's Property Disclosure Act.

Answer Options
A
Residential real property consisting of one to four dwelling units
B
Only newly constructed homes being sold for the first time
C
Only single-family detached homes sold through a licensed broker
D
Any residential property, including those with five or more units

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This Mandated Disclosures Question

Sign up free to unlock full analysis

Background Knowledge for Mandated Disclosures

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in Mandated Disclosures

Sign up free to unlock full analysis

Common Mistakes to Avoid on Mandated Disclosures Questions

Sign up free to unlock full analysis

Related Topics & Key Terms

Key Terms:

sellers_disclosureresidential_propertyors_105disclosure_applicability

Related Concepts

The Lead-Based Paint Disclosure is a federally mandated disclosure required for all residential properties built before 1978. Sellers and landlords must disclose known lead-based paint hazards and provide the EPA pamphlet "Protect Your Family From Lead in Your Home."

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.

Was this explanation helpful?

More Mandated Disclosures Questions

People Also Study

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Start Practicing