Environmental
In New York, the 'Property Condition Disclosure Statement' is NOT required for which of the following transactions?
AA sale of a single-family home in Westchester County
BA transfer pursuant to foreclosure or by a referee in bankruptcy✓ Correct
CA sale of a two-family home in Brooklyn
DA for-sale-by-owner transaction
Explanation
New York's Property Condition Disclosure Act (PCDA) applies to sales of one-to-four family residential dwellings but contains specific exemptions. Transfers by foreclosure sale, by referee in bankruptcy, and certain other involuntary transfers are exempt. The PCDA does not apply to commercial property or to co-op transfers.
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