The Illinois Real Property Disclosure Act requires sellers to:
Question & Answer
Review the question and all answer choices
Provide a home warranty
Option A is incorrect because the disclosure act does not require sellers to provide a home warranty. While warranties may be offered as a marketing tool or negotiated in a contract, they are not mandated by Illinois disclosure law.
Complete a disclosure form about known material defects
Have the property inspected
Option C is incorrect because the disclosure act does not require sellers to have the property inspected. While inspections are common and recommended, sellers are only required to disclose defects they already know about, not to discover unknown ones.
Pay for all repairs
Option D is incorrect because the disclosure act does not require sellers to pay for repairs. Sellers must disclose known defects but are not automatically responsible for fixing them unless agreed upon in the contract.
Why is this correct?
Option B is correct because the Illinois Real Property Disclosure Act specifically requires sellers to complete a disclosure form reporting known material defects. This is the primary purpose of the law - to ensure buyers receive accurate information about the property's condition before purchasing.
Continue Learning
Explore this topic in different formats
More Contracts Videos
Continue learning with related video lessons
Ready to Ace Your Real Estate Exam?
Access 2,000+ free video lessons covering all 11 exam topics.