Contracts
Under Illinois law, the Residential Real Property Disclosure Act requires sellers to disclose:
AOnly defects visible during a home inspection
BKnown material defects and conditions affecting the property's value or desirability✓ Correct
CThe seller's purchase price when they bought the property
DFuture neighborhood development plans
Explanation
The Illinois Residential Real Property Disclosure Act (765 ILCS 77) requires sellers of residential property (1-4 units) to complete a disclosure report covering known material defects and conditions, including structural problems, water infiltration, HVAC issues, roof condition, environmental hazards, legal violations, and other matters affecting value. The disclosure covers the seller's actual knowledge—sellers are not required to investigate; they disclose what they know.
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