Delaware License Law
Under Delaware's Seller Disclosure law, the disclosure form must be provided to the buyer:
AAt closing
BBefore or at the time of making an offer✓ Correct
CAfter the purchase agreement is signed
DOnly upon buyer's written request
Explanation
The Delaware Seller Disclosure form must be provided to the buyer before or at the time the buyer makes an offer, giving the buyer the information needed to make an informed decision.
People Also Study
Related Delaware Questions
- What is a 'right of first refusal' in a Delaware real estate contract?Contracts
- What is the legal remedy of 'specific performance' in a Delaware real estate transaction?Contracts
- A contingency clause in a Delaware purchase agreement allows:Contracts
- What is a 'right of first refusal' in a Delaware real estate context?Contracts
- What is a 'first right of refusal' in a Delaware commercial lease?Escrow & Title
- In Delaware, a 'contingency for sale of buyer's property' in a purchase contract means:Contracts
- Under Delaware contract law, which party typically has the burden of proof in a breach of contract case?Contracts
- A Delaware buyer and seller enter a contract 'subject to attorney review.' During this period, the attorneys may:Contracts
Key Terms to Know
Right of First Refusal
A contractual right giving a party the opportunity to match any offer received before the owner can accept it from a third party.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Study This Topic
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →