US Legal Forms
Forms Kit
Probate
Pennsylvania
Pennsylvania Residential Real Estate Sales Disclosure Statement

Real Estate Sales Form Contracts With Broker

Q: Who typically prepares the contract in the sale of a home?

Most often, the buyer&#039;s real estate agent will write up and prepare the purchase agreement for a house. Note that agents (not being practicing attorneys themselves) can&#039;t create their own contracts.

Category:

Real Estate - Home Sale

State:

Pennsylvania

Control #:

PA-37014

Format:

Instant download

Upgrade to a Package! Contract, Disclosures & more in one Value Package. Go to Package

Description

The Pennsylvania Seller’s Property Disclosure Statement serves as a crucial tool for real estate sales form contracts with broker, requiring sellers to disclose known material defects in the property that are not easily observable. Key features of the form include various sections addressing different aspects of the property, such as the roof, basement conditions, pest issues, structural elements, and plumbing systems, among others. The form is designed to facilitate compliance with disclosure requirements while assisting buyers in evaluating the property effectively. Users should carefully fill out each section, providing accurate information and additional explanations where necessary to ensure transparency. For attorneys, partners, and real estate professionals, the form is vital in protecting clients during the property transaction process. Associates, paralegals, and legal assistants can support by ensuring all details are captured accurately, guiding sellers through the completion of the statement. It is essential for every user to understand that this document does not substitute for professional inspections and does not absolve the seller from disclosing undiscovered material defects.

LLC Operating Agreement - Taxed as a Partn...

View this form

Petition to Modify Trust

View this form

Personal Care Service Agreement - Caregive...

View this form

Texas Life Documents Planning Package, inc...

View this form

How to fill out Pennsylvania Residential Real Estate Sales Disclosure Statement?

Dealing with legal papers and procedures could be a time-consuming addition to the day. Real Estate Sales Form Contracts With Broker and forms like it usually require you to search for them and navigate the way to complete them properly. For that reason, whether you are taking care of economic, legal, or individual matters, having a comprehensive and convenient web library of forms at your fingertips will greatly assist.

US Legal Forms is the best web platform of legal templates, boasting over 85,000 state-specific forms and a number of tools to assist you to complete your papers quickly. Discover the library of pertinent documents open to you with just a single click.

US Legal Forms gives you state- and county-specific forms offered at any moment for downloading. Shield your document managing operations by using a high quality support that lets you put together any form within a few minutes with no extra or hidden charges. Just log in to the profile, identify Real Estate Sales Form Contracts With Broker and download it right away within the My Forms tab. You can also gain access to previously saved forms.

Is it your first time using US Legal Forms? Register and set up an account in a few minutes and you’ll have access to the form library and Real Estate Sales Form Contracts With Broker. Then, adhere to the steps listed below to complete your form:

Be sure you have the right form using the Preview option and reading the form description.
Choose Buy Now as soon as all set, and choose the monthly subscription plan that meets your needs.
Select Download then complete, sign, and print out the form.

US Legal Forms has 25 years of experience helping users deal with their legal papers. Discover the form you need today and improve any process without having to break a sweat.

Form popularity

FAQ

Identify the names and addresses of both the buyer and the seller. Detail the price of the property and the terms of the purchase. Set the closing date and closing costs. Detail any taxes and other related costs, and establish which party is paying those costs.

Listing agreements A listing agreement is a written employment contract between a client and a licensed real estate broker. On entering into a listing agreement, the broker is retained and authorized to perform real estate related services on behalf of the client in exchange for a fee.

Most often, the buyer's real estate agent will write up and prepare the purchase agreement for a house. Note that agents (not being practicing attorneys themselves) can't create their own contracts.

A listing agreement is a contract between a property owner and a real estate broker that authorizes the broker to represent the seller and find a buyer for the property.

As the buyer, your real estate agent usually writes the first draft of the contract. It isn't binding unless the seller signs. Real estate agents don't write these from scratch. They start with a template that has standard wording.

Trusted and secure by over 3 million people of the world’s leading companies

Residential Real Estate Sales Disclosure Statement

Pennsylvania Statutes

TITLE 68 REAL AND PERSONAL PROPERTY (Pa.C.S.A.)

PART III RESIDENTIAL REAL PROPERTY

CHAPTER 73 SELLER DISCLOSURES

68 Pa.C.S.A. Â§ 7301. Short title of chapter.

68 Pa.C.S.A. Â§ 7302. Application of chapter

68 Pa.C.S.A. Â§ 7303. Disclosure of material defects

68 Pa.C.S.A. Â§ 7304. Disclosure form

68 Pa.C.S.A. Â§ 7305. Delivery of disclosure form68 Pa.C.S.A. Â§ 7306. Information unavailable to seller

68 Pa.C.S.A. Â§ 7307. Information subsequently rendered inaccurate

68 Pa.C.S.A. Â§ 7308. Affirmative duty of seller

68 Pa.C.S.A. Â§ 7309. Nonliability of seller

68 Pa.C.S.A. Â§ 7310. Nonliability of agent

68 Pa.C.S.A. Â§ 7311. Failure to comply

68 Pa.C.S.A. Â§ 7312. Amendment of disclosure

68 Pa.C.S.A. Â§ 7313. Specification of items for disclosure no limitation on other disclosure obligations

68 Pa.C.S.A. Â§ 7314. Cause of action

68 Pa.C.S.A. Â§ 7315. Preemption of local requirements

68 Pa.C.S.A. Â§ 7301. Short title of chapter.

Text of section effective one year from December 20, 2000

This chapter shall be known and may be cited as the Real Estate Seller Disclosure Law.

2000, Dec. 20, P.L. 815, No. 114, Â§ 1, effective in one year.

68 Pa.C.S.A. Â§ 7302. Application of chapter

Text of section effective one year from December 20, 2000

(a) General rule. This chapter shall apply to all residential real estate transfers except the following:

(1) Transfers by a fiduciary in the course of the administration of a decedent's estate, guardianship, conservatorship or trust.

(2) Transfers of new residential construction that has not been previously, occupied when:

(i) the buyer has received a one-year or longer written warranty covering such construction;

(ii) the dwelling has been inspected for compliance with the applicable building code or, if there is no applicable code, for compliance with a nationally recognized model building code; and

(iii) a certificate of occupancy or a certificate of code compliance has been issued for the dwelling.

(b) Limitations in the case of condominiums or cooperatives. Under Subpart B of Part II (relating to condominiums) or a similar provision of prior law or a cooperative as defined in section 4103 (relating to definitions), a seller shall be obligated to make disclosures under this chapter only with respect to the seller's own unit and shall not be obligated by this chapter to make any disclosure with respect to any common elements or common facilities of the condominium or cooperative. The provisions of section 3407 (relating to resales of units) shall control disclosures a seller is required to make concerning common elements in a condominium, and section 4409 (relating to resales of cooperative interests) shall control disclosures a seller is required to make concerning common elements in a cooperative.

2000, Dec. 20, P.L. 815, No. 114, Â§ 1, effective in one year.

68 Pa.C.S.A. Â§ 7303. Disclosure of material defects

Text of section effective one year from December 20, 2000

Any seller who intends to transfer any interest in real property shall disclose to the buyer any material defects with the property known to the seller by completing all applicable items in a property disclosure statement which satisfies the requirements of section 7304 (relating to disclosure form). A signed and dated copy of the property disclosure statement shall be delivered to the buyer in accordance with section 7305 (relating to delivery of disclosure form) prior to the signing of an agreement of transfer by the seller and buyer with respect to the property.

2000, Dec. 20, P.L. 815, No. 114, Â§ 1, effective in one year.

68 Pa.C.S.A. Â§ 7304. Disclosure form

Text of section effective one year from December 20, 2000

(a) General rule. The form of property disclosure statement that satisfies the requirements of this chapter shall be promulgated by the State Real Estate Commission. Nothing in this chapter shall preclude a seller from using a form of property disclosure statement that contains additional provisions that require greater specificity or that call for the disclosure of the condition or existence of other features of the property.

(b) Contents of property disclosure statement. The form of property disclosure statement promulgated by the State Real Estate Commission shall call for disclosures with respect to all of the following subjects:

(1) Seller's expertise in contracting, engineering, architecture or other areas related to the construction and conditions of the property and its improvements.

(2) When the property was last occupied by the seller.

(3) Roof.

(4) Basements and crawl spaces.

(5) Termites/wood destroying insects, dry rot and pests.

(6) Structural problems.

(7) Additions, remodeling and structural changes to the property.

(8) Water and sewage systems or service.

(9) Plumbing system.

(10) Heating and air conditioning.

(11) Electrical system.

(12) Other equipment and appliances included in the sale.

(13) Soils, drainage and boundaries.

(14) Presence of hazardous substances.

(15) Condominiums and other homeowners associations,

(16) Legal issues affecting title or that would interfere with use and enjoyment of the property.

(c) Transitional rule. Until a form of property disclosure statement has been promulgated by the commission, the form prescribed under the act of July 2, 1996 (P.L. 500, No. 84), [fn1] known as the Real Estate Seller Disclosure Act, shall be deemed to be the form contemplated under subsection (b).

[fn1] 68 P. S. Â§ 1021 et seq. (repealed).

2000, Dec. 20, P.L. 815, No, 114, Â§ 1, effective in one year.

68 Pa.C.S.A. Â§ 7305. Delivery of disclosure form

Text of section effective one year from December 20, 2000

(a) Method of delivery. The seller shall deliver the property disclosure statement to the buyer by personal delivery; first class mail; certified mail, return receipt requested; or facsimile transmission to the buyer or the buyer's agent.

(b) Parties to whom delivered. For purposes of this chapter, delivery to one prospective buyer or buyer's agent is deemed delivery to all persons intending to take title as co-tenants, joint tenants or as a tenant by the entireties with the buyer. Receipt may be acknowledged on the statement, in an agreement of transfer for the residential real property or shown in any other verifiable manner.

2000, Dec. 20, P.L.

Residential Real Estate Sales Disclosure Statement

Pennsylvania Statutes

TITLE 68 REAL AND PERSONAL PROPERTY (Pa.C.S.A.)

PART III RESIDENTIAL REAL PROPERTY

CHAPTER 73 SELLER DISCLOSURES

68 Pa.C.S.A. Â§ 7301. Short title of chapter.

68 Pa.C.S.A. Â§ 7302. Application of chapter

68 Pa.C.S.A. Â§ 7303. Disclosure of material defects

68 Pa.C.S.A. Â§ 7304. Disclosure form

68 Pa.C.S.A. Â§ 7305. Delivery of disclosure form68 Pa.C.S.A. Â§ 7306. Information unavailable to seller

68 Pa.C.S.A. Â§ 7307. Information subsequently rendered inaccurate

68 Pa.C.S.A. Â§ 7308. Affirmative duty of seller

68 Pa.C.S.A. Â§ 7309. Nonliability of seller

68 Pa.C.S.A. Â§ 7310. Nonliability of agent

68 Pa.C.S.A. Â§ 7311. Failure to comply

68 Pa.C.S.A. Â§ 7312. Amendment of disclosure

68 Pa.C.S.A. Â§ 7313. Specification of items for disclosure no limitation on other disclosure obligations

68 Pa.C.S.A. Â§ 7314. Cause of action

68 Pa.C.S.A. Â§ 7315. Preemption of local requirements

68 Pa.C.S.A. Â§ 7301. Short title of chapter.

Text of section effective one year from December 20, 2000

This chapter shall be known and may be cited as the Real Estate Seller Disclosure Law.

2000, Dec. 20, P.L. 815, No. 114, Â§ 1, effective in one year.

68 Pa.C.S.A. Â§ 7302. Application of chapter

Text of section effective one year from December 20, 2000

(a) General rule. This chapter shall apply to all residential real estate transfers except the following:

(1) Transfers by a fiduciary in the course of the administration of a decedent's estate, guardianship, conservatorship or trust.

(2) Transfers of new residential construction that has not been previously, occupied when:

(i) the buyer has received a one-year or longer written warranty covering such construction;

(ii) the dwelling has been inspected for compliance with the applicable building code or, if there is no applicable code, for compliance with a nationally recognized model building code; and

(iii) a certificate of occupancy or a certificate of code compliance has been issued for the dwelling.

2000, Dec. 20, P.L. 815, No. 114, Â§ 1, effective in one year.

68 Pa.C.S.A. Â§ 7303. Disclosure of material defects

Text of section effective one year from December 20, 2000

2000, Dec. 20, P.L. 815, No. 114, Â§ 1, effective in one year.

68 Pa.C.S.A. Â§ 7304. Disclosure form

Text of section effective one year from December 20, 2000

(1) Seller's expertise in contracting, engineering, architecture or other areas related to the construction and conditions of the property and its improvements.

(2) When the property was last occupied by the seller.

(3) Roof.

(4) Basements and crawl spaces.

(5) Termites/wood destroying insects, dry rot and pests.

(6) Structural problems.

(7) Additions, remodeling and structural changes to the property.

(8) Water and sewage systems or service.

(9) Plumbing system.

(10) Heating and air conditioning.

(11) Electrical system.

(12) Other equipment and appliances included in the sale.

(13) Soils, drainage and boundaries.

(14) Presence of hazardous substances.

(15) Condominiums and other homeowners associations,

(16) Legal issues affecting title or that would interfere with use and enjoyment of the property.

[fn1] 68 P. S. Â§ 1021 et seq. (repealed).

2000, Dec. 20, P.L. 815, No, 114, Â§ 1, effective in one year.

68 Pa.C.S.A. Â§ 7305. Delivery of disclosure form

Text of section effective one year from December 20, 2000

2000, Dec. 20, P.L.

Real Estate Sales Form Contracts With Broker

Description

Viewed forms

How to fill out Pennsylvania Residential Real Estate Sales Disclosure Statement?

Form popularity

FAQ

How do you write a contract agreement for real estate?

What is a written contract between a buyer and a broker called?

Who typically prepares the contract in the sale of a home?

What is the written employment contract between a broker and a seller called?

Does seller or buyer create contract?

Trusted and secure by over 3 million people of the world’s leading companies

Real Estate Sales Form Contracts With Broker

Description

Related legal definitions

Viewed forms

How to fill out Pennsylvania Residential Real Estate Sales Disclosure Statement?

Form popularity

FAQ

How do you write a contract agreement for real estate?

What is a written contract between a buyer and a broker called?

Who typically prepares the contract in the sale of a home?

What is the written employment contract between a broker and a seller called?

Does seller or buyer create contract?

Real Estate Sales Form Contracts With Broker Related Searches

Trusted and secure by over 3 million people of the world’s leading companies