Final answer:
Florida real estate disclosure laws require sellers to disclose certain information about the property they are selling to potential buyers.
Step-by-step explanation:
The statement that is NOT true about Florida real estate disclosure laws is: The validity of a real estate disclosure agreement is determined by the state law applicable to the agreement.
Florida real estate disclosure laws require sellers to disclose certain information about the property they are selling to potential buyers. This includes information about any known defects, hazards, or other material facts that could affect the value or desirability of the property. The purpose of these laws is to ensure transparency and protect buyers from purchasing properties with hidden issues.
For example, if a house for sale in Florida is located next to a landfill or a factory, the seller is required to disclose this information to the buyer. Failure to disclose can result in legal consequences for the seller.