Which statement best describes termite disclosure requirements in Arkansas real estate transactions?
Correct Answer
B) Arkansas has no universal statutory termite inspection mandate, but lenders frequently require inspections, and sellers must disclose known termite damage on the seller disclosure form
Arkansas does not have a universal statutory requirement mandating termite inspections for all real estate transactions. However, lenders — particularly those issuing FHA and VA loans — frequently require a termite inspection before closing. Regardless of whether an inspection is required, sellers must disclose any known termite damage or infestation on the Arkansas Residential Property Disclosure form. Arkansas's warm, humid climate makes termite damage a significant concern, making this disclosure especially important.
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