Contracts
In Hawaii, what is a 'seller's disclosure statement' and when must it be provided?
AA. A statement the seller prepares after closing summarizing the transaction
BB. A form disclosing known material conditions, to be provided to buyers prior to or upon contract acceptance✓ Correct
CC. A financial disclosure required only when the seller has a mortgage
DD. A legal document prepared by the seller's attorney only
Explanation
Hawaii's seller disclosure statement must be provided to buyers, disclosing all known material defects and conditions. It should be provided early in the process so buyers can make informed decisions.
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