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Get New Real-estate Disclosure Rule

And sign a property condition disclosure statement (the law does not apply to the sale of condo s, co-ops and new construction). Both broker assisted sellers and individuals selling their own homes must comply with this law. The Uniform Disclosure Statement, as it is being called, will alert potential buyers about aspects of the property that may need attention. The disclosure statement has 48 questions that cover the following four areas. General Information Environmental Information.

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