Agency
Under California law, the Transfer Disclosure Statement (TDS) is required for:
AAll real property transfers
BMost residential 1-4 unit property sales, with some exemptions✓ Correct
CCommercial property only
DNew construction only
Explanation
The TDS is required for most residential 1-4 unit property sales in California. Exemptions include court-ordered sales, foreclosures, sales between co-owners, and sales to or from government agencies. It must be completed by the seller and reviewed by both agents.
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