Lessons from the Field: Incomplete TDS
An agent, retained by a seller of property, has a duty to have the seller-client enter their truthful responses to property conditions itemized on a Transfer Disclosure Statement (TDS).
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Tag: Transfer Disclosure Statement (TDS)
Form-of-the-Week: Ordinance Compliance, and Service and Maintenance Providers — Forms 307 and 324
These forms are used by a sellers agent as part of the Transfer Disclosure Statement (TDS) to comply with city or county ordinance disclosure requirements and to disclose information about service and maintenance providers currently used on a property listed for sale.
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Communicating with home inspectors
The real estate agent and home inspector are crucial figures in a home for sale — but do they need to get along?
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A home inspection report: the liability shield for a seller’s broker
A home inspection report is used by a seller’s broker to shift the risks of non-disclosure liability in their use of a seller’s Transfer Disclosure Statement.
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Home defects face greater scrutiny in 2022’s cooling market
Today’s sobered homebuyers have greater liberty to leverage home defects to justify a price cut than they did the last two years.
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Form-of-the-Week: Lead-Based Paint Disclosure and Hazards Disclosure Booklets – Forms 313 and 316-1
Lead-based paint hazards and environmental hazards which may exist on any property are disclosed to prospective buyers with RPI Forms 313 and 316-1.
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Word-of-the-Week: Home Inspection
What is a home inspection? A home inspection...
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Brokerage Reminder: Permit no omissions
When the permit status of a home improvement is unknown due to the seller’s lack of knowledge, it becomes the buyer’s agent’s responsibility to further investigate.
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Word-of-the-Week: Lead-based paint hazard
Lead-based paint hazard – Any condition that causes exposure to lead from lead-contaminated dust, soil or paint which has deteriorated to the point of causing adverse human health effects.
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Brokerage Reminder: When in doubt, disclose – always!
Brush up on the Transfer Disclosure Statement and the importance of disclosing material facts to buyers and sellers.
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Brokerage Reminder: The know-how to disclose
“As is” vs. “as disclosed” On the sale of a one-to-four unit residential property, the seller...
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The redundancy of the Agent Visual Inspection Disclosure (AVID)
Why doesn’t RPI Forms publish a version of the Agent Visual Inspection Disclosure (AVID)?
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Letter to the editor: Can I list an “as-is” property for sale in California?
Properties may not be listed “as is.” Rather, properties as listed as disclosed, a difference more significant than just semantics.
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Termites and the California home sale
This article covers need-to-know termite topics for California real estate agents, including inspections, forms and customs.
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The Hazards Disclosure Booklets
This article highlights the use of first tuesday’s Hazards Disclosure Booklets by a seller’s agent to provide environmental hazard and energy efficiency related information to all prospective buyers, and by a buyer’s agent to review with their buyer the consequences of any hazards disclosed as existing on the property.
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Is an owner liable for the nondisclosure of a material defect they are not aware of?
RSB Vineyards, LLC v. Orsi Facts: A property owner hires a contractor to renovate a property....
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TDS: Mandated on one-to-four residential units
Use of the mandated Transfer Disclosure Statement (TDS).
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Save a life: Radon testing and mitigation in real estate transactions
This article explains radon testing, mitigation and everything else California real estate agents need to know about this dangerous substance found in homes across the state.
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