Environmental
Under Mississippi law, a seller of residential property must complete a Mississippi Property Condition Disclosure Statement. Which of the following is TRUE about this requirement?
AIt applies to all residential property sales without exception
BSellers of new construction are typically exempt from this requirement✓ Correct
CIt only applies to properties over $200,000
DIt is optional if the property is sold as-is
Explanation
Sellers of new construction are generally exempt from Mississippi's Property Condition Disclosure Statement requirement. The requirement typically applies to resale residential properties.
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