Maria is selling her single-family home in Providence and has accepted an offer from a buyer. Her listing agent reminds her that she still needs to complete the Rhode Island Seller's Disclosure form. Under R.I. Gen. Laws § 5-20.8, has Maria met the legal requirement for delivering the disclosure?
Correct Answer
A) No, because the disclosure form must be delivered to the buyer before the offer is accepted.
Under R.I. Gen. Laws § 5-20.8, the seller must complete and deliver the written disclosure form to the prospective buyer BEFORE an offer is accepted. Since Maria has already accepted the offer without delivering the disclosure, she has not met the statutory requirement. Delivering it after acceptance is too late under Rhode Island law.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A seller's disclosure statement is a form that sellers complete to inform buyers about the condition and history of the property, including known defects, past repairs, insurance claims, and environmental issues.
Many states and localities have fair housing laws that expand upon the protections offered by the federal Fair Housing Act.
A stigmatized property is one that has an undesirable reputation due to events that occurred on the property or nearby, such as a murder, suicide, alleged haunting, or proximity to a registered sex offender. The stigma is psychological, not physical.
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