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If the buyer in a Real Estate transaction is not given the property disclosure statement until after the offer to purchase is executed, does this give the buyer the right to terminate the offer, and if so, how long does the buyer have to exercise that right?

User Dwenaus
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Final answer:

In a real estate transaction, the buyer may have the right to terminate the offer if they are not given the property disclosure statement in a timely manner, but the exact timeframe may vary depending on local laws.

Step-by-step explanation:

In a real estate transaction, the property disclosure statement is an important document that provides information about the condition of the property. However, if the buyer is not given this disclosure statement until after the offer to purchase is executed, it can raise concerns about transparency and the buyer's ability to make an informed decision.



In many jurisdictions, the buyer has the right to terminate the offer if they are not provided with the property disclosure statement in a timely manner. The specific timeframe for exercising this right may vary depending on local laws and regulations.



In conclusion, if the buyer is not given the property disclosure statement until after the offer is executed, they may have the right to terminate the offer. The exact duration within which the buyer can exercise this right will depend on the specific laws governing real estate transactions in the jurisdiction.

User Pldg
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