Contracts
Under the Tennessee Residential Property Condition Disclosure Act, the disclosure form is not required for:
ANew construction sold by a developer✓ Correct
BA single-family home listed with an agent
CA home sold by the owner in an 'as-is' condition
DA condo unit sold resale
Explanation
The Tennessee Residential Property Condition Disclosure Act exempts certain transactions including new construction (where the builder provides different warranties), court-ordered sales, foreclosures, and certain estate sales.
Related Tennessee Contracts Questions
- In Tennessee, a 'novation' in a real estate contract occurs when:
- Which of the following best describes the legal concept of 'time is of the essence' in a real estate contract?
- In Tennessee, the seller's failure to deliver the property condition disclosure to the buyer before contract execution gives the buyer the right to:
- A contingency clause in a purchase contract allows a buyer to:
- In Tennessee, an 'assignment' of a real estate contract transfers:
- A void contract is one that is:
- An option contract in real estate gives the optionee:
- An 'assignment' clause in a purchase contract determines whether:
Practice More Tennessee Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Tennessee Quiz →