The seller shall and will make every reasonable effort to
disclose any known defects associated with this vehicle at the buyer's request prior to the close of sale.
The seller will make every effort to
disclose any known defects associated with the vehicle at the buyers request prior to the close of the sale.
The seller shall and will make every reasonable effort to
disclose any known defects associated with this vehicle at the buyers request prior to the close of the sale.
The seller shall and will make every reasonable effort to
disclose any known defects associated with this vehicle at the buyers request prior to the close of sale.
We disclose known defects and imperfections but we are not you.
The seller shall make a reasonable effort to
disclose any known defects associated with this vehicle.
The SELLER shall and will make every reasonable effort to
disclose any known defects associated with this vehicle at the buyer's request prior to the close of sale.
In many states, the owner is required to
disclose all known defects when selling a property.
Depending on the rules in your area, the seller may be required to
disclose known defects in the home.
The realtor must also
disclose any known defects to the buyer.
Sellers are typically obligated to
disclose known defects, and the Code of Ethics requires that the «true picture» of a home be presented in advertising.
However, the seller and realty agent may have liability to you for failure to
disclose known defects.
Concluding Buyer's petition states a claim for failure to
disclose known defects against Broker, we reverse the order granting its dismissal motion.
A broker must
disclose known defects in the property for sale or lease.
Also, in many states including Florida, Realtors are among the professionals bound to
disclose any known defects or conditions to potential buyers.
Not exact matches
In the case of fraud where the home seller should have
known and
disclosed certain damages or
defects the home buyer may have legal recourse after the purchase.
Agents need to be mindful that if they have knowledge of a
defect, patent (obvious) or latent (hidden), this information needs to be «
disclosed» in the actual listing; the listing agent needs to draw to the attention of his seller, making the seller aware that his agent «
knows,» whatever he
knows, or surmises, has seen with his own eyes, or has been made aware by his seller — sometimes surreptitiously, (by agent's putting the information confirmation in writing and has advised the seller the need for
disclosing), directing his seller to get «fix - it» quotes, repair before going to market, or offer a rebate to his buyer for the dollar amount involved, and advise the seller that this information if
known by his agent, or by the seller, «must» be
disclosed in some manner, in writing, so as to prevent the seller and all the agents involved (including «team members), both buying and selling sides, from lawsuits, or possible resultant non-closing of transactions, not just even non-removal of conditions, (failing which clauses, conditional clauses — condition precedent, not condition subsequent — self destruct) during which lag time the subject property is theoretically off the market wasting valuable market time, which could prove especially financially disastrous in any sort of turbulent down - turning market.
Real estate agents are legally bound to
disclose all
known structural
defects and code violations about a house — but they may be limited by how much a seller will
disclose.
The club's code of ethics requires that breeders inform buyers about
known hereditary
defects in their bloodlines, test their breeding animals for hip dysplasia, and
disclose the test results.
Should not misrepresent or fail to
disclose known hereditary
defects, health and physical condition of any stock offered for sale or breeding purposes.
To willingly
disclose known health
defect or issues affecting the dog, its ancestors, or its offspring when breeding or selling;
Some buyers on ebay are happy to buy something «as is» or with
known disclosed defects.
Sellers and their agents have a duty to
disclose all
known latent
defects, including whether a property was a grow op, however some sellers or agents may intentionally withhold such information in an effort to encourage the sale of the property at a higher price.
Purchasers who purchase a property where the seller failed to
disclose a
known latent
defect may be able to seek damages from the seller or their agent for failing to
disclose the latent
defect, and purchasers should seek prompt legal advice regarding their rights and available remedies.
Timing is Crucial Before there is an accepted offer, licensees must ensure that all
known material latent
defects have been
disclosed in writing to the buyer.
Using the Property Disclosure Statement Licensees are not required to
disclose a
known material latent
defect to a buyer if the seller has already
disclosed all
known material latent
defects, in writing, to the buyer.
The Transaction Broker must
disclose all
known facts and
defects that materially affect the value of the property and are not readily observable by the buyer.
As long as you
disclosed to the buyer all
defects known to you, you should have no liability after the sale.
The comments listed above «In a decision released in May 2014, a deputy Judge of the Barrie (Ontario) Small Claims Court said in his judgement that a seller must
disclose to the buyer anything they
know about a
defect that has caused any loss of use or enjoyment of a meaningful part of the premises.»
Both the seller and the broker are required to
disclose known latent
defects to the buyer.
• Myth: Signing an SPIS may prevent possible legal action because
known defects or problems are
disclosed.
6) The law states that you, the seller, must
disclose any and all «
known»
defects of a latent nature within your property when selling same, but to whom... to just the potential buyer... or to the whole world via the listing?
No conventional financing lender will allow a buyer to buy that house as you
know its a latent
defect you need to
disclose and it effects the working order of the house.
'' It is important for registrants to
know that while sellers are required by law to
disclose material latent
defects affecting a property that are
known to them (an obligation which also exists for the seller's representative if the material latent
defect is also
known by the representative), there is no legislation or case law in Ontario to suggest that a seller, or his or her representative, is required to
disclose the existence of stigmas to buyers.
It is well established that a
known defect that has not been fixed must be
disclosed.
A real estate licensee serving as a transaction broker has two duties under the state's property condition disclosure law: to make available to the purchaser the seller's disclosure statement and to
disclose any
defects known to the licensee that are not contained in the disclosure statement.
Agents need to be mindful that if they have knowledge of a
defect, patent (obvious) or latent (hidden), this information needs to be «
disclosed» in the actual listing; the listing agent needs to draw to the attention of his seller, making the seller aware that his agent «
knows,» whatever he
knows, or surmises, has seen with his own eyes, or has been made aware by his seller — sometimes surreptitiously, (by agent's putting the information confirmation in writing and has advised the seller the need for
disclosing), directing his seller to get «fix - it» quotes, repair before going to market, or offer a rebate to his buyer for the dollar amount involved, and advise the seller that this information if
known by his agent, or by the seller, «must» be
disclosed in some manner, in writing, so as to prevent the seller and all the agents involved (including «team members), both buying and selling sides, from lawsuits, or possible resultant non-closing of transactions, not just even non-removal of conditions, (failing which clauses, conditional clauses — condition precedent, not condition subsequent — self destruct) during which lag time the subject property is theoretically off the market wasting valuable market time, which could prove especially financially disastrous in any sort of turbulent down - turning market.
The majority of real estate lawsuits relate to failure to
disclose, and it will come back to haunt our poor sellers (and us), should the
defect have been (or ought to have been)
known, and not
disclosed.
Most states have laws that mandate
disclosing known physical
defects in a property.
In addition, distressed sellers should understand that they will still be vulnerable to a buyer's lawsuit if
known defects aren't
disclosed.
Did you
know that in BC (is it the same in Ontario) that material latent
defects must be
disclosed PRIOR to writing an offer.
Sellers must
disclose known material latent
defects about their property to a buyer.
Sellers and their licensees have an obligation to
disclose known latent
defects to buyers.
The agent owes the seller undivided loyalty, reasonable care, disclosure, obedience to lawful instruction, confidentiality and accountability, provided, however, that the agent must
disclose known material
defects in the real estate.
The agent owes the buyer undivided loyalty, reasonable care, disclosure, obedience to lawful instruction, confidentiality and accountability, provided, however, that the agent must
disclose known material
defects in the real estate.
Like licensees in agency relationships, transaction licensees must
disclose known material
defects about the property.
(2) A licensee who is providing trading services to a client who is disposing of real estate must
disclose to all other parties to the trade, promptly but in any case before any agreement for the acquisition or disposition of the real estate is entered into, any material latent
defect in the real estate that is
known to the licensee.
A purchaser may recover in a civil action brought under the Disclosure Act against a real estate licensee if the licensee fails «to
disclose to a purchaser a
defect actually
known to the real estate licensee prior to the acceptance of an offer to purchase and which were not included in the disclosure statement.»
A dual agent may not take any action that is adverse or detrimental to either party but must
disclose known material
defects about the property.
If the Seller is accused of failing to
disclose known material
defects and / or environmental hazards; Seller will not hold Broker responsible in any way; Seller will hold Broker harmless, from and indemnify Broker against, any claims, lawsuits, actions at law or equity, and other obligations and all costs and expenses, including costs of litigation, reasonable attorneys fees and reasonable costs of investigation, that result or arise from Seller's failure to
disclose known material
defects or environmental hazards of any kind.