Question

Which pair represents the types of disclosures required by the real estate license act?

A. Material facts disclosure and dual agency disclosure
B. Seller's disclosure and buyer's disclosure
C. Property condition disclosure and property value disclosure
D. Lead-based paint disclosure and termite inspection disclosure

Answer 1

The types of disclosures required by the real estate license act are lead-based paint disclosure and termite inspection disclosure.

Step-by-step explanation:

The correct pair that represents the types of disclosures required by the real estate license act is option D: Lead-based paint disclosure and termite inspection disclosure.

Under the real estate license act, sellers are required to disclose any known lead-based paint hazards in a property, as well as provide a lead hazard information pamphlet to buyers. Additionally, sellers are also required to provide a written disclosure of any known termite infestation or damage in the property.

These disclosures are crucial in ensuring transparency and protecting buyers from potential health hazards or structural issues in the property they are purchasing.