Under the South Carolina Residential Property Condition Disclosure Act, which of the following transfers is NOT exempt from the disclosure requirement?
Correct Answer
C) A sale of a used residential home by an individual seller to an unrelated third-party buyer
Under S.C. Code Ann. §§ 27-50-10 and 27-50-30, the SC Residential Property Condition Disclosure Act applies to the sale of residential real property by an owner-seller to an unrelated third-party buyer in an arm's-length transaction. This is the core transaction the statute was designed to regulate. None of the statutory exemptions apply — it is not a foreclosure sale, not a transfer to a lineal relative or spouse, not a co-owner transfer, and not new construction with a builder's warranty. Therefore, the seller must provide the completed disclosure statement.
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Related Topics & Key Terms
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