4,477,895
It is a very beneficial form, because the more a seller discloses the less likelihood that there will be ill will from the buyers. In California you can never disclose too much, but what do I know. IF you think it is unnecessary disclosures remember CAR came up with a form with numerous attorneys putting their heads together to protect all parties...
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Pete Xavier
Pacific Palisades, CA
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Michael Jacobs
Pasadena, CA
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Roy Kelley
Gaithersburg, MD
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Candice A. Donofrio
Fort Mohave, AZ
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Tony and Suzanne Marri...
Scottsdale, AZ
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Eve Alexander
Tampa, FL
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Endre Barath, Jr.
Beverly Hills, CA
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Ron and Alexandra Seigel
Carpinteria, CA
3,071,489
Endre Barath, Jr. nailed this one!
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Pete Xavier
Pacific Palisades, CA
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Endre Barath, Jr.
Beverly Hills, CA
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Michael Jacobs
Pasadena, CA
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Roy Kelley
Gaithersburg, MD
4,319,773
ALLEN TURNER - believe me, disclosures are good for sellers! Saves them future lawsuits.
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Roy Kelley
Gaithersburg, MD
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Candice A. Donofrio
Fort Mohave, AZ
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Eve Alexander
Tampa, FL
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Praful Thakkar
Burlington, MA
5,772,581
Allen,
Endre Barath, Jr. answered you perfectly. A
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Pete Xavier
Pacific Palisades, CA
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Michael Jacobs
Pasadena, CA
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Roy Kelley
Gaithersburg, MD
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Endre Barath, Jr.
Beverly Hills, CA
5,060,519
I'm with Endre Barath, Jr. on this. I think it's a good form to have completed by the seller, and that can be requested in the offer
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Pete Xavier
Pacific Palisades, CA
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Candice A. Donofrio
Fort Mohave, AZ
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Michael Jacobs
Pasadena, CA
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Endre Barath, Jr.
Beverly Hills, CA
2,221,377
Endre Barath, Jr. has your answer.
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Pete Xavier
Pacific Palisades, CA
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Endre Barath, Jr.
Beverly Hills, CA
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Anthony Acosta - ALLAT...
Atlanta, GA
4,582,184
When in doubt, disclose. Repeat as necessary. And it's always necessary.
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Pete Xavier
Pacific Palisades, CA
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Endre Barath, Jr.
Beverly Hills, CA
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Candice A. Donofrio
Fort Mohave, AZ
2,224,473
Endre Barath, Jr. seems to have the answer for you.
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Pete Xavier
Pacific Palisades, CA
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Endre Barath, Jr.
Beverly Hills, CA
3,349,404
Oh boy ... I would not even go there with "unnecessary disclosures." Are you kidding me? The more disclosures provided the better for the seller and the potential buyer. Over 80% of the post closing lawsuits in CA are the result of failure to disclose.
I highly recommend that you take contract training courses.
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Pete Xavier
Pacific Palisades, CA
1,056,272
As litigious as CA consumers are? Write a War and Peace of disclosures. ESPECIALLY if the agent is a principal or has a non-arm's length relationship to the seller. "Known, should have known or facts that could have been reasonably discovered." is the measure here in Arizona and we are very similar to California in practice.
There is no good to be served by concealing any material facts on a technicality. As a broker my primary consideration is to stay the hell out of the courtroom.
Before taking/marketing the listing, we research the property carefully enough with public records to eliminate any seller amnesia. ;)
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Ryan Huggins - Thousan...
Thousand Oaks, CA
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Roy Kelley
Gaithersburg, MD
766,079
It is not required by law and an escrow can close without it. The burden is on the agent and their company to disclose that it should have been disclosed to their client.
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Pete Xavier
Pacific Palisades, CA
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Roy Kelley
Gaithersburg, MD
1,624,653
I always use SPQ along with many other disclosures.
Your TC or your broker will provide you with a list of forms you have to get ready. As far as I know, even we all use CAR forms, different brokers require different sets.
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Pete Xavier
Pacific Palisades, CA
956,152
Perplexed that a CA Broker would be asking this!!
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Endre Barath, Jr.
Beverly Hills, CA
1,506,013
Please go to CAR.org and look up the residential sales disclosure forms.
They have a listing of which ones are required and when.
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Pete Xavier
Pacific Palisades, CA
7,863,184
I will have to rely upon the advice of others.
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Anthony Acosta - ALLAT...
Atlanta, GA
1,157,791
We have similar issues in my jurisdiction.
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Roy Kelley
Gaithersburg, MD
1,241,754
4,272,934
I know if you have this form today, we will be required to have it next year...
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Roy Kelley
Gaithersburg, MD
3,050
6,417,434
4,434,177
2,684,569
Disclose, disclose, disclose! It will shield the Seller and the Realtors.
1,728,156
AS Endre Barath, Jr. stated and I always repeat to my clients, if you don't know they answer, then indicate that, do not guess.
2,278
all the comments are interesting, but agents appear to be worried about lawsuits, protecting their own interests. Not all events are material, such as a fire when a house has been completely remodeled. My friend is going through a transaction looking for legal protection. these disclosure forms are prepared by sellers and specifically indicate agents not responsible. Agents dont push the envelop whatsoever on how forms should be completed. My friend wrote on the SPQ to best of knowledge, and within last ten years, no such events. if a prior owner 20 years ago had a fire, such would still be disclosed using these CAR forms. is such material? wheteher fire or death? no according to Calif law. All his questions had to be answered by in house legal because neither agent or broker knew how to approach except to say disclose. none of these are material, and an atty would not sue in such a case. i guess all agents need insurance and as the TDS and SPQ indicate, agent not a lawyer and should not advise on completing this form. very tricky.
4,800,132