This form is a Seller's Disclosure Statement for use in a residential sales transaction in Kentucky. This disclosure statement concerns the condition of property and is completed by the Seller.
We use cookies to improve security, personalize the user experience, enhance our marketing activities (including cooperating with our marketing partners) and for other business use.
Click "here" to read our Cookie Policy. By clicking "Accept" you agree to the use of cookies. Read less
Read more
- US Legal Forms
- Real Estate
-
Kentucky Residential Real Estate Sales Disclosure Statement
Kentucky Real Estate Disclosure Form For Attorney
Instant download
This website is not affiliated with any governmental entity
Public form
Description State Of Kentucky Property Disclosure
Sellers Disclosure Kentucky Related forms
View Affidavit of heirship massachusetts for mineral rights
View Affidavit of heirship massachusetts for mineral rights
View this form
View Affidavit of heirship massachusetts with consent
View Affidavit of heirship massachusetts with consent
View this form
View Affidavit of heirship massachusetts with waiver of rights
View Affidavit of heirship massachusetts with waiver of rights
View this form
View Affidavit of heirship massachusetts with special power of attorney
View Affidavit of heirship massachusetts with special power of attorney
View this form
View Massachusetts workers compensation insurance affidavit general business
View Massachusetts workers compensation insurance affidavit general business
View this form
Related legal definitions
Viewed forms
Seller Disclosure Of Property Condition Kentucky Form Rating
4.87
Satisfied(419)
Seller Disclosure Form Ky Form popularity
Seller Disclosure Form Kentucky Other Form Names
Real Estate Disclosure Statement
Real Estate Disclosure Form
Real Estate Disclosure
Property Disclosure Statement
As A Kentucky Listing Agent When Are You Required To Deliver The Completed Seller S Disclosure Of Property Conditions Form To A Prospective Buyer
Ky Seller
Ky Sec Of State Business Search
Kentucky Real Estate Disclosure Form For Attorney Related Searches
-
kentucky real estate forms
-
seller's disclosure of property condition form
-
kentucky real estate listing agreement
-
house disclosure form
-
kentucky real estate commission forms
-
kentucky lead-based paint disclosure
-
commercial property disclosure form
-
kentucky real estate forms
-
seller's disclosure of property condition form
-
house disclosure form
Kentucky Residential Property Disclosure Form Interesting Questions
The Kentucky real estate disclosure form is a legal document that sellers are required to provide to potential buyers. It includes information about the property's condition, known defects, and any issues that may affect its value or desirability.
The seller of the property is responsible for completing the Kentucky real estate disclosure form. They must disclose all known material defects and issues with the property.
The Kentucky real estate disclosure form is important because it ensures transparency and protects both buyers and sellers. It allows buyers to make informed decisions about purchasing a property and helps sellers avoid future legal disputes.
The Kentucky real estate disclosure form should include information about the property's structural condition, any past or present issues with plumbing, electrical systems, or other major systems, presence of pests or mold, and any previous insurance claims or damages.
No, sellers are legally required to disclose all known material defects and issues. Withholding information or providing false information on the disclosure form can lead to legal consequences.
If a seller fails to provide a Kentucky real estate disclosure form, the buyer may have the right to cancel the purchase agreement or seek legal remedies. It is essential to have this form completed and provided in a timely manner.
Yes, a buyer can choose to waive their right to receive a Kentucky real estate disclosure form. However, it is generally recommended that buyers insist on receiving the form to ensure they have all the relevant information before purchasing a property.
It is advisable to consult an attorney before signing the Kentucky real estate disclosure form. An attorney can review the document, answer any questions you may have, and ensure that you understand your rights and obligations.
In some cases, a buyer may be able to sue a seller for undisclosed defects even after signing the Kentucky real estate disclosure form. However, the success of such a lawsuit depends on various factors, including the nature of the defects and applicable laws.
No, the Kentucky real estate disclosure form is different from a home inspection report. The disclosure form is completed by the seller and focuses on their knowledge of the property's condition, while a home inspection report is conducted by a professional inspector and provides a detailed assessment of the property's condition.
Kentucky Residential Real Estate Trusted and secure by over 3 million people of the world’s leading companies
Krs 324 360
Change state
To change the state, select it from the list below and press Change state.
Changing the state redirects you to another page.
Kentucky
Change state
-
No results found.
-
Kentucky
-
Alabama
-
Alaska
-
Arizona
-
Arkansas
-
California
-
Colorado
-
Connecticut
-
Delaware
-
District of Columbia
-
Florida
-
Georgia
-
Hawaii
-
Idaho
-
Illinois
-
Indiana
-
Iowa
-
Kansas
-
Louisiana
-
Maine
-
Maryland
-
Massachusetts
-
Michigan
-
Mississippi
-
Missouri
-
Montana
-
Nebraska
-
Nevada
-
New Hampshire
-
New Jersey
-
New Mexico
-
New York
-
North Carolina
-
North Dakota
-
Ohio
-
Oklahoma
-
Oregon
-
Pennsylvania
-
Rhode Island
-
South Carolina
-
South Dakota
-
Tennessee
-
Texas
-
Utah
-
Vermont
-
Virginia
-
Washington
-
West Virginia
-
Wisconsin
-
Wyoming
Law summary
Residential Real Estate Sales Disclosure Statement
324.360 Form for seller's disclosure of conditions.
(1) This section shall apply to sales and purchases involving single-family residential real estate dwellings if any person licensed under this chapter receives compensation.
(2) The commission shall promulgate an administrative regulation authorizing a "seller's disclosure of conditions form."
(3) The form shall provide for disclosure by the seller of the following:
(a) Basement condition and whether it leaks;
(b) Roof condition and whether it leaks;
(c) Source and condition of water supply;
(d) Source and condition of sewage service;
(e) Working condition of component systems; and
(f) Other matters the commission deems appropriate.
(4) The seller of the property shall complete and sign the form at the time he or she executes any listing agreement or similar agreement by which a licensee intends to market the property. A copy of the form shall be provided by the listing agent to any prospective buyer or a buyer's authorized representative upon request. A copy of the form shall be delivered by the listing agent to any prospective purchaser or his representative within seventy-two (72) hours of the listing agent's receipt of a written and signed offer to purchase. The listing agent shall solicit the signature of the buyer on a copy of the form which the listing agent shall retain in the principal broker's records. The signature shall evidence the listing agent's compliance with the provisions of this section. Should the buyer refuse to sign the form, the licensee shall record the buyer's refusal to sign on the form and retain a copy in his principal broker's records.
(5) If the subject property is offered for sale by the property's owner without a listing agreement, any licensee involved in the transaction shall provide a blank form to the property's owner and shall request that the property's owner complete and sign the form. If the property's owner completes and signs the form, the licensee shall deliver the form to the buyer or potential buyer not later than one hundred twenty (120) hours after the creation of any executory contract for sale of the property. The licensee shall solicit the signature of the buyer on a copy of the form as delivered to the buyer or prospective buyer and shall retain the copy in his or her principal broker's records. The signature of the buyer or prospective buyer shall evidence the listing agent's compliance with the provisions of this section. Should the buyer refuse to sign the form, the licensee shall record the buyer's refusal to sign on the form and retain a copy in his or her principal broker's records.
(6) The original of the form shall be retained by the listing broker or by the broker of any licensee who presents an offer on a property not subject to a listing agreement.
(7) The form shall not be required for residential purchases of new homes if a warranty is offered, for a sale of real estate at an auction, or for a court supervised foreclosure.
(8) If the seller refuses to complete and sign the form, his refusal shall be communicated in writing by the broker or sales associate who is involved in the transaction to the purchaser or prospective purchaser, without unreasonable delay.
(9) It shall be a violation of this chapter for a licensee to complete any portion of the form unless the licensee is the owner of the property or has been requested by the owner to complete the form. The request shall be acknowledged in writing on the form and the licensee shall be held harmless for any representation that appears on the form.
Effective: July 14, 2000
History: Amended 2000 Ky. Acts ch. 488, sec. 29, effective July 14,
2000. -- Created
1992 Ky. Acts ch. 448, sec. 1, effective July 14, 1992.
Legal definition
Residential Real Estate Sales Disclosure Statement
324.360 Form for seller's disclosure of conditions.
(1) This section shall apply to sales and purchases involving single-family residential real estate dwellings if any person licensed under this chapter receives compensation.
(2) The commission shall promulgate an administrative regulation authorizing a "seller's disclosure of conditions form."
(3) The form shall provide for disclosure by the seller of the following:
(a) Basement condition and whether it leaks;
(b) Roof condition and whether it leaks;
(c) Source and condition of water supply;
(d) Source and condition of sewage service;
(e) Working condition of component systems; and
(f) Other matters the commission deems appropriate.
(4) The seller of the property shall complete and sign the form at the time he or she executes any listing agreement or similar agreement by which a licensee intends to market the property. A copy of the form shall be provided by the listing agent to any prospective buyer or a buyer's authorized representative upon request. A copy of the form shall be delivered by the listing agent to any prospective purchaser or his representative within seventy-two (72) hours of the listing agent's receipt of a written and signed offer to purchase. The listing agent shall solicit the signature of the buyer on a copy of the form which the listing agent shall retain in the principal broker's records. The signature shall evidence the listing agent's compliance with the provisions of this section. Should the buyer refuse to sign the form, the licensee shall record the buyer's refusal to sign on the form and retain a copy in his principal broker's records.
(5) If the subject property is offered for sale by the property's owner without a listing agreement, any licensee involved in the transaction shall provide a blank form to the property's owner and shall request that the property's owner complete and sign the form. If the property's owner completes and signs the form, the licensee shall deliver the form to the buyer or potential buyer not later than one hundred twenty (120) hours after the creation of any executory contract for sale of the property. The licensee shall solicit the signature of the buyer on a copy of the form as delivered to the buyer or prospective buyer and shall retain the copy in his or her principal broker's records. The signature of the buyer or prospective buyer shall evidence the listing agent's compliance with the provisions of this section. Should the buyer refuse to sign the form, the licensee shall record the buyer's refusal to sign on the form and retain a copy in his or her principal broker's records.
(6) The original of the form shall be retained by the listing broker or by the broker of any licensee who presents an offer on a property not subject to a listing agreement.
(7) The form shall not be required for residential purchases of new homes if a warranty is offered, for a sale of real estate at an auction, or for a court supervised foreclosure.
(8) If the seller refuses to complete and sign the form, his refusal shall be communicated in writing by the broker or sales associate who is involved in the transaction to the purchaser or prospective purchaser, without unreasonable delay.
(9) It shall be a violation of this chapter for a licensee to complete any portion of the form unless the licensee is the owner of the property or has been requested by the owner to complete the form. The request shall be acknowledged in writing on the form and the licensee shall be held harmless for any representation that appears on the form.
Effective: July 14, 2000
History: Amended 2000 Ky. Acts ch. 488, sec. 29, effective July 14,
2000. -- Created
1992 Ky. Acts ch. 448, sec. 1, effective July 14, 1992.