Contracts
Pennsylvania's Seller's Property Disclosure Law requires the disclosure statement for:
AAll transfers of residential real property containing 1 to 4 units✓ Correct
BOnly newly constructed properties sold by a builder
CCommercial properties over 10,000 square feet
DProperties that have been listed on the MLS for more than 90 days
Explanation
The Pennsylvania Real Estate Seller Disclosure Law (68 Pa. C.S. §7301 et seq.) requires sellers of residential property containing 1 to 4 units to complete and deliver the Seller's Property Disclosure Statement to prospective buyers before executing an agreement of sale. This form requires sellers to disclose known material defects including structural issues, water intrusion, electrical and plumbing problems, environmental hazards, and other conditions affecting the property.
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