This Seller's Disclosure Notice of Financing Terms Contract for Deed serves as notice to Purchaser of the purchase price of property and how payments, interest, and late charges are set. This document should be completed by Seller of property and provided to the Purchaser at or before the signing of the contract for deed.
South Carolina Seller's Disclosure of Financing Terms for Residential Property in connection with Contract or Agreement for Deed a/k/a Land Contract
Category:
State:
South Carolina
Control #:
SC-00470-3
Format:
Word;
Rich Text
Instant download
Description Seller Disclosure Form South Carolina
How to fill out South Carolina Seller's Disclosure Of Financing Terms For Residential Property In Connection With Contract Or Agreement For Deed A/k/a Land Contract?
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FAQ
A disclosure statement is a financial document given to a participant in a transaction explaining key information in plain language. Disclosure statements for retirement plans must clearly spell out who contributes to the plan, contribution limits, penalties, and tax status.
Dual agency can also streamline the transaction process, whether you're the buyer or the seller. With one fewer agent in the mix, scheduling various events can be more manageable. This can make a transaction proceed faster. You could also potentially save some money, particularly if you're the seller.
Today, she's walking a new tenant through a one-year lease agreement. Which of the following must be included on page one of this agreement? South Carolina licensees must disclose their licensed status when they're involved in a personal real estate transaction, including sales, rentals, exchanges, and auctions.
Dual agency is when a single real estate agent represents both the buyer and sellers in a real estate transaction. Designated agency occurs when a buyer and seller are represented by two agents at the same brokerage.
As a dual agent, the real estate broker does not owe undivided loyalty to either the seller or buyer.If the buyer has previously signed Consent for Dual Agency, the buyer must affirm the buyer's consent for the purchase of a particular property before an offer to purchase is presented to the seller.
South Carolina allows real estate licensees to serve as dual agents in real estate transactions. South Carolina Code §40-57-137(M)(1) states that a licensee may act as a disclosed dual agent only with the prior informed and written consent of all parties.
The purpose of a disclosure statement is to provide explanatory information regarding the significant features of the insurance policy to enable the insured to make an informed decision regarding purchasing the insurance policy.
Property disclosure statements essentially outline any flaws that the home sellers (and their real estate agents) are aware of that could negatively affect the home's value. These statements are required by law in most areas of the country so buyers can know a property's good and bad points before they close the deal.
The short answer is yes, you can work with multiple real estate agentsunder certain circumstances. Working with more than one real estate agent is fine when you haven't signed an exclusive agreement with anyone, says Adam Aguilar, a Realtor® with Reliantra in West Toluca Lake, CA.
