Arkansas Seller's Real Estate Disclosure Statement

State:
Multi-State
Control #:
US-01631
Format:
Word; 
Rich Text
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Description

This form is a Seller's Disclosure Statement. This disclosure statement concerns the condition of property described in the document. The seller acknowledges that the information contained in the form is true and accurate.
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FAQ

In general, a disclosure document is supposed to provide details about a property's condition that might negatively affect its value. Sellers who willfully conceal information can be sued and potentially convicted of a crime. Selling a property "As Is" will usually not exempt a seller from disclosures.

In general, a disclosure document is supposed to provide details about a property's condition that might negatively affect its value. Sellers who willfully conceal information can be sued and potentially convicted of a crime. Selling a property "As Is" will usually not exempt a seller from disclosures.

Lack of Real Estate Seller Disclosure Requirement in Arkansas. Arkansas has no law that requires you to give a formal disclosure statement to a potential buyer of your house.

Commonly, there aren't definite disclosure laws and the sale prices will only reflect on public records if the seller submits one. These states are the following: Alabama, Arkansas, Louisiana, Nevada, North Carolina, Oklahoma, Rhode Island, and Tennessee.

Arkansas is in the minority with its disclosure laws. Arkansas is what's called a caveat emptor state, which means the onus is generally on the buyer to find any problems with the property.

Arkansas: Is a Caveat Emptor state, and the real estate agent must exert reasonable effort to find any issues with the house.

Under current law, the SELLER is required to disclose all known conditions that affect the health or safety of a prospective purchaser. SELLER discloses to PURCHASER that SELLER knows of no defects in the subject property, other than those deficiencies disclosed in this form.

A Seller's Disclosure is a legal document that requires sellers to provide previously undisclosed details about the property's condition that prospective buyers may find unfavorable. This document is also known as a property disclosure, and it's important for both those buying a house and for those selling a house.

As in all real property transactions in Arkansas, there is no disclosure statute addressing the individual owner/seller.

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Arkansas Seller's Real Estate Disclosure Statement