Contracts
Pennsylvania's Residential Real Estate Transfer Law requires the Seller's Property Disclosure Statement to be signed by:
AOnly the seller
BThe seller, with the buyer's acknowledgment of receipt✓ Correct
CBoth buyer and seller simultaneously at closing
DThe buyer's lender as well as the parties
Explanation
The Pennsylvania SPDS is completed and signed by the seller, and the buyer must acknowledge receipt in writing. The buyer's acknowledgment documents that they received the disclosure before being bound by the Agreement of Sale.
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