What Is Property Disclosure?
A seller's sworn statement revealing known defects, property conditions, and other material facts about the property. Most states require written disclosure; failure to disclose can expose sellers and agents to fraud claims and rescission rights.
Property Disclosure across 2 exams
Property Disclosure appears on the following exams. Each defines it in the context candidates are tested on:
- Real Estate
- A seller's sworn statement revealing known defects, property conditions, and other material facts about the property. Most states require written disclosure; failure to disclose can expose sellers and agents to fraud claims and rescission rights.
- AZ Salesperson
- A required statement by sellers or their agents disclosing known material defects and issues affecting the property's value or use. Arizona law mandates specific disclosures about condition, age, and hazards that must be provided before or with the purchase offer.