Contracts
Under Alaska's Residential Real Property Transfer Disclosure Act, sellers of residential property with 1-4 units must:
AHire a licensed inspector and provide the report to buyers
BComplete and provide a seller's disclosure statement revealing known material defects✓ Correct
CObtain an appraisal before listing the property
DProvide disclosure only if asked by the buyer in writing
Explanation
Alaska requires sellers of 1-4 unit residential properties to complete and deliver a residential property condition disclosure statement to buyers, disclosing known material defects and other conditions affecting the property. The buyer has the right to cancel if the disclosure reveals unacceptable conditions.
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