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Oklahoma Residential Real Estate Disclaimer Statement

Oklahoma Residential Real Estate Disclaimer Statement

Name: Oklahoma Residential Real Estate Disclaimer Statement
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.8 (469 reviews)

Category:

Oklahoma Real Estate - Home Sale

State:

Oklahoma

Control #:

OK-37014-D

Format:

Instant download

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Description

This form is a Seller's Disclaimer Statement for use in a residential sales transaction in Oklahoma. This disclaimer statement may be used by the Seller instead of a Disclosure statement.

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How to fill out Oklahoma Residential Real Estate Disclaimer Statement?

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FAQ

But, there are 12 states that are still considered non-disclosure: Alaska, Idaho, Kansas, Louisiana, Mississippi, Missouri (some counties), Montana, New Mexico, North Dakota, Texas, Utah and Wyoming.

Dornfest says 37 states now have full disclosure; six states (Arkansas, Delaware, North Carolina, Oklahoma, Rhode Island and Tennessee) have transfer tax; and he classifies seven states as nondisclosure: Alaska, Idaho, Louisiana, Mississippi, Missouri, Texas and Utah.

State Stigmatized Property Disclosure Law:Oklahoma does not consider a prior death in the home, even where the cause of death is homicide or suicide, to be a material fact that must be disclosed.

The Property Condition Disclosure Act requires the seller of residential real property to cause this disclosure statement or a copy thereof to be delivered to a buyer or buyer's agent prior to the signing by the buyer of a binding contract of sale.

A real estate broker or licensee also has specific duties outlined in Oklahoma's Condition Disclosure Act. A seller's real estate broker is required to obtain the disclaimer statement or the disclosure statement from the seller as well as any amendments the seller makes, 60 O.S. §836(A).

If you live in a non-disclosure state, it means that sale prices in a real estate transaction are not disclosed or recorded as public record. If you want to know a sale price of a home, you'd have to ask the seller directly or work with a real estate professional who has access to the Multiple Listing Service (MLS).

You want potential buyers to see your home at its best, so you might wonder whether you really need to disclose every little thing that's wrong with it. Some material defects must be disclosed by law, and if you lie about other detailsand your lie is discovered during an inspectionyou could lose your buyer.

It allows seller to avoid liability for failing to disclose defects in premises when each party is acting in its own interest and/or seller is not willfully or actively hiding a defect.

Oklahoma Residential Real Estate Disclaimer Statement

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How to fill out Oklahoma Residential Real Estate Disclaimer Statement?

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FAQ

What states are non disclosure?

Is Oklahoma a disclosure state?

Do you have to disclose a death in a house in Oklahoma?

Who signs the property condition disclosure statement and when?

Who is responsible for filling out the Oklahoma residential property disclosure statement?

What is a non disclosure state in real estate?

What happens if you lie on a home disclosure?

What is a residential property condition disclaimer statement?

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