Environmental

What is a 'regulatory property condition disclosure' under Delaware's Seller Disclosure of Real Property Condition Act?

AA disclosure required by local zoning authorities before listing
BThe seller's written disclosure of known material defects and conditions that may affect the property's value or safety✓ Correct
CA government inspection report filed with the county
DAn environmental assessment required by the state EPA

Explanation

Delaware's Seller Disclosure of Real Property Condition Act requires the seller to complete a disclosure form identifying known material defects and property conditions. This is provided to the buyer before contract signing or as a contract contingency.

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