Sandra is selling her home in Charleston to her daughter, Melissa. Sandra's listing agent asks whether the Property Condition Disclosure Statement must be provided for this transaction. Under the SC Residential Property Condition Disclosure Act, what is the correct answer?
Correct Answer
A) No disclosure is required because transfers to lineal relatives are exempt under the SC Residential Property Condition Disclosure Act
Under S.C. Code Ann. § 27-50-30, the SC Residential Property Condition Disclosure Act exempts transfers to a spouse or lineal relative from the disclosure requirement. A lineal relative includes direct-line family members such as children, parents, and grandchildren. Because Melissa is Sandra's daughter — a lineal relative — this transfer qualifies for the exemption, and no disclosure statement is required.
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Related Topics & Key Terms
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Flood zone disclosure requires informing buyers whether a property is located in a designated flood zone as mapped by FEMA. Properties in high-risk flood zones may require mandatory flood insurance.
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