EstatePass
ContractsEASYFREE

Michigan law requires sellers to provide a Seller Disclosure Statement:

2:19
0 views

Question & Answer

Review the question and all answer choices

A

Only for new construction

Michigan law requires Seller Disclosure Statements for most residential property transfers, not just new construction. The requirement applies to existing homes as well. New construction may have different disclosure requirements, but the general mandate in Michigan covers a broader range of residential properties. The law aims to protect buyers by providing information about the property's condition, regardless of whether it's new or existing.

B

For most residential property transfers

Correct Answer
C

Only if buyer requests

The disclosure is not optional or triggered only by buyer request. Michigan law requires the disclosure regardless of whether the buyer asks for it, emphasizing the state's proactive approach to consumer protection.

D

Never required

Seller disclosure statements are a required component of most residential real estate transactions in Michigan, not an optional document.

Why is this correct?

Michigan law requires sellers to provide a Seller Disclosure Statement for most residential property transfers as part of the state's consumer protection measures. This mandatory disclosure helps ensure transparency in real estate transactions.

Ready to Ace Your Real Estate Exam?

Access 2,000+ free video lessons covering all 11 exam topics.