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Estate agents have a legal obligation to be upfront with all of the relevant and necessary information that a buyer will need to know. If they are seen to have deliberately withheld information, they can face fines and even imprisonment. The information that estate agents are obligated to pass on to buyers is varied.
A Hawaii property disclosure statement is used by home sellers to report to buyers any material defects, past and present, that could affect the value of the real estate for sale. The disclosure identifies damages that are actually known to the seller and which can be readily observed.
The most commonly used form for such disclosures is the Transfer Disclosure Statement that the sellers will complete and sign.
Seller's Real Property Disclosure Form (SRPD)
Potential seller disclosures can range from knowledge of drafty windows to any work that has been done without a permit, to information about a major construction or new development project happening nearby. It is the duty of the seller to also disclose any latent defects with the property to any potential buyers.
Pursuant to Hawaii Revised Statutes Section 508D-9, the seller is obligated to prepare the Hawaii Seller's disclosure statement in good faith and with due care. ?In good faith and with due care? includes honesty in fact in the investigation, research and preparation of the Hawaii Seller's disclosure statement.
California Real Estate Disclosure Requirements California Transfer Disclosure Statement. California Natural Hazard Disclosure Statement. California Notice of Supplemental Property Tax Bill Disclosure. California Appraisal Discrimination Addendum Disclosure.
Common issues that require disclosures include anything that may cause major foundation issues to a property or endanger a prospective buyer or the integrity of the house.