Final answer:
Most seller property disclosures are required for residential properties and vacant land. Sellers must disclose any known defects or issues with the property to potential buyers.
Step-by-step explanation:
Most seller property disclosures are required for residential properties and vacant land. This means that when selling a residential property, the seller is legally obligated to disclose any known defects or issues with the property to potential buyers. Similarly, when selling vacant land, the seller must disclose any known environmental concerns or limitations that may affect the use of the land. Finally, property owners, including business owners, must comply with land-use regulations such as zoning laws, which have been widely adopted to organize urban development since New York City implemented the first zoning ordinance in 1916. Zoning regulations can also affect property value and potential uses, which are critical considerations for both buyers and sellers.