What does "no representation" mean on a property disclosure?

As a general rule, a seller is not required to disclose information about their property to a prospective buyer. They can't misrepresent the property in any way, but they generally don't have any affirmative duty to disclose material facts about their property.

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Acknowledgement With Disclosure Meaning In North Carolina

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Letters - Nonlegal - Acknowledgments

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Multi-State

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US-0031LR

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This form is a sample letter in Word format covering the subject matter of the title of the form.

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In general, a disclosure document is supposed to provide details about a property's condition that might negatively affect its value. Sellers who willfully conceal information can be sued and potentially convicted of a crime. Selling a property "As Is" will usually not exempt a seller from disclosures.

The purpose of a disclosure statement is to provide individuals with relevant information that may impact their decision-making process or their understanding of a particular transaction or agreement. It helps to ensure transparency and allows parties to make informed choices.

This document, the Property Condition Disclosure Statement (PCDS) requires sellers to provide to buyers full disclosure of the condition of their property. Prior to this, sellers could provide a $500 credit in lieu of a Property Condition Disclosure Statement (PCDS).

The Residential Property Disclosure Act, codified as North Carolina G.S. 47E, requires the seller of residential real estate (one to four dwelling units) to complete a form—known formally as the Residential Property and Owners' Association Disclosure Statement—disclosing conditions and defects with the property.

If an owner selects NR, it could mean the owner (1) has knowledge of an issue and chooses not to disclose it, or (2) simply does not know. BROKERS: A licensed real estate broker shall furnish their seller-client with a Disclosure Statement for the seller to complete in connection with the transaction.

I, _____________________________, a Notary Public for said County and State, do hereby certify that ____________________________ personally appeared before me this day and acknowledged the due execution of the foregoing instrument. Witness my hand and official seal, this the ______ day of ______________, 20 ____.

Personal information may be disclosed if the disclosure is for a purpose directly related to the original purpose of collection and the person is unlikely to object. Personal information can be disclosed without a person's consent in order to deal with a serious and imminent threat to any person's health or safety.

As a general rule, a seller is not required to disclose information about their property to a prospective buyer. They can't misrepresent the property in any way, but they generally don't have any affirmative duty to disclose material facts about their property.

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OWNERS: The owner must give a completed and signed Disclosure Statement to the buyer no later than the time the buyer makes an offer to purchase property. ACKNOWLEDGMENT. County, North Carolina.This Annual Acknowledgement applies to employees, contractors, consultants, temporaries, and other staff, including but not limited to, all personnel affiliated. A Disclosure is considered Business Confidential information and generally will not be disclosed to persons outside the University without a need-to-know. There is no need to have all sellers sign the seller acknowledgement. The residential property disclosure statement may be included in the real estate contract, in an addendum, or in a separate document. A person registered as "unaffiliated" shall not be eligible to file as a candidate in a party primary election.

Acknowledgement With Disclosure Meaning In North Carolina

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