Check Your Understanding Answers
- What is the purpose of the Real Estate Transfer Disclosure Statement (TDS)?
The intention of the statement is to provide accurate disclosures about the condition of the property.
- What three areas of a property are licensees required to visually inspect when completing their section of the Transfer Disclosure Statement?
- Exterior of the Property
- Interior of the Property
- Environmental Hazards
- When is the Natural Hazards Disclosure Statement required?
The Natural Hazards Disclosure Statement is required if the property is located in one of six natural hazard zones or if the transaction requires a Transfer Disclosure Statement.
- What information does a seller confirm when providing the Smoke Detector Compliance Statement?
That he or she is in compliance with California and local laws regarding the presence of smoke detectors in the home.
