In California the seller of a one-to-four-unit home of conventional light-frame construction must deliver the Homeowner's Guide to Earthquake Safety if the home was built before:
Correct Answer
A) 1960
Government Code section 8897.1 requires the transferor of residential property of one to four units, of conventional light-frame construction, built before January 1, 1960, to deliver the Homeowner's Guide to Earthquake Safety as soon as practicable before the transfer and to say whether the owner knows of the structural deficiencies the guide describes. Hazard-zone disclosure on the Natural Hazard Disclosure Statement is a separate duty that does not depend on the year of construction. A parallel rule uses a 1975 cutoff for masonry buildings with wood-frame floors, which take the Commercial Property Owner's Guide instead.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
Mold disclosure involves informing buyers about the presence of mold or conditions that are conducive to mold growth in a property. While no federal mold disclosure law exists, many states require disclosure of known mold issues.
A property condition disclosure is a written statement by the seller detailing the known condition of the property, including defects, repairs, and issues with major systems. Most states require sellers to complete this form.
Protected classes are groups of people who are legally shielded from discrimination based on specific characteristics.
More Practice Of Real Estate Disclosures Questions
Under California law, a real estate agent owes a duty of honest and fair dealing to all parties in a transaction, not only to the agent's own client. Which provision most directly establishes this duty?
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- → At a DRE administrative disciplinary hearing in California, what standard of proof must the Department meet to sustain a finding against a licensee?
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