Contracts
Under the Oklahoma Residential Property Condition Disclosure Act, which type of property is EXEMPT from the disclosure requirement?
AA home in foreclosure
BNew construction where the seller is the builder and a warranty is provided, transfers by court order, transfers between co-owners, and certain other specified transactions✓ Correct
CAll commercial properties
DAny property over 30 years old
Explanation
Oklahoma's RPCDA exempts certain transfers: new construction by builders who provide a warranty, court-ordered transfers, transfers between co-owners, transfers to a spouse during divorce, foreclosure sales, and certain estate transfers. Exemptions are specific and limited.
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