DRE & Licensing
What is the 'Real Estate Transfer Disclosure Statement' (TDS)?
AA form used to transfer a real estate license
BA seller's written disclosure of known material defects and conditions of the property✓ Correct
CA lender's disclosure of loan terms
DAn agent's disclosure of their commission
Explanation
The TDS is a required California disclosure where the seller discloses known material facts and defects about the property. Agents must also complete their portion. It cannot be waived in most residential transactions.
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