Disclosure

A form filled out by the owner of a home describing to a potential buyer any defects in the property of which the owner is aware but are not obvious to the buyer. Courts have held that owners may be liable for undisclosed defects of which they "should be aware", even if they have no actual knowledge of them.

Real Estate Practice Test - Pass Your Real Estate Exam Now!
RealEstatePracticeTest

More Real Estate Definitons