Contracts
In New York, when a seller provides a property condition disclosure statement, it must be provided to the buyer:
AAt the first showing
BPrior to the signing of a binding contract of sale, to allow the buyer to review before committing✓ Correct
COnly upon request
DAfter closing
Explanation
Under the New York Property Condition Disclosure Act (PCDA), the seller must provide the completed disclosure statement to the buyer before the buyer signs a binding contract. If not provided, the buyer receives a $500 credit at closing.
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