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In a real estate transaction, who has the responsibility for filling out the property condition disclosure statement?

A) The buyer
B) The seller
C) The listing agent
D) The home inspector

1 Answer

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Final answer:

B) The seller

In real estate transactions, the seller is responsible for filling out the property condition disclosure statement, which is essential for providing the buyer with information about the property's condition.

Step-by-step explanation:

In a real estate transaction, the responsibility for filling out the property condition disclosure statement falls on B) The seller.

This document requires the seller to reveal any known defects or problems with the property.

It's a critical part of the property sales process that provides the buyer with significant information about the property's condition and history.

While the buyer may perform their own inspections, the disclosure statement is specifically for the seller to complete, ensuring transparency and honesty in the transaction. Failure to disclose known issues can lead to legal consequences for the seller.

In real estate transactions, the seller is responsible for filling out the property condition disclosure statement, which is essential for providing the buyer with information about the property's condition.

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