Under the West Virginia Residential Property Disclosure Act, which of the following items is generally required to be disclosed by a seller on the standardized disclosure form? Select the answer that does NOT belong among the required disclosure categories.
Correct Answer
A) The seller's original purchase price paid for the property
The West Virginia Residential Property Disclosure Act requires sellers to disclose known material defects related to the physical condition of the property, including structural issues, roof condition, water and sewer systems, and environmental hazards. The seller's original purchase price is a financial/historical matter, not a physical condition or material defect, and is NOT required on the standardized disclosure form.
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Related Topics & Key Terms
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Related Concepts
Megan's Law requires states to make information about registered sex offenders available to the public. Some states require real estate agents to inform buyers about the availability of sex offender registries.
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.
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