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The seller authorizes its agent(s) to provide a copy of this statement to any prospective buyer in connection with any actual or anticipated sale of property. The Seller Disclosure Act, requires most house sellers in Michigan to fill out a prescribed Seller's Disclosure Statement before selling their houses.A seller's disclosure is a document that requires sellers to reveal details about the property's condition and its defects. Sellers are required to disclose property information to the realtor and potential buyers based on state and local laws. It discloses any issues with the property that the seller is aware of. Property Disclosures serve the following purpose in real estate transactions: 1) Give complete information about the property. Both buyer and seller must have a valid Michigan driver's license or ID. Online title transfer have the following requirements: Have an online service account. Most attorneys will counsel sellers not to fill out the disclosure specifically to deny a path forward to a litigious buyer. An owner must complete and sign the disclosure form and submit the form to a prospective buyer before an offer is accepted for the sale of the real estate. The Seller Disclosure is usually not part of the Purchase and Sale Agreement and a buyer should never put too much stock in it anyway.