
Mass Mandatory Licensee Consumer Relationship Disclosure Real Estate Form


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People also ask
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What is the disclosure regarding real estate agency relationship ad?
The Disclosure Regarding Real Estate Agency Relationship (AD) is: Explains to whom the agent owes a fiduciary duty.
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What is a Massachusetts mandatory real estate licensee consumer relationship disclosure?
The short answer is that it is a form that you are to receive at your first personal meeting with a real estate agent. The form makes known to you if the real estate agent presenting the form is a seller's agent, a buyer's agent, or a facilitator.
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What are most seller property disclosures required for?
There are three types of disclosure. Authorized disclosure. Willful unauthorized disclosure. Inadvertent unauthorized disclosure.
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What disclosures are required in Massachusetts?
Massachusetts law requires only that home sellers: disclose the existence of lead paint (see the Massachusetts Lead Paint Statute) home sellers. disclose the presence of a septic system (see Title 5 of the Massachusetts Environmental Code), and. do not make any misrepresentations of fact or false statements (Mass.
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What are the types of disclosures?
Legal Obligations: Disclosure Laws and Buyer Expectations In most states, you must disclose any known mold issues when selling your home. In Massachusetts, that is not the case. Massachusetts is a Caveat Emptor state, which means “buyer beware.” Realtors, however, are held to much higher standards than home sellers.
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Do you have to disclose mold remediation when selling a house in Massachusetts?
Examples of material facts that must be disclosed include structural problems with the house, soil problems, a leaking roof, unpermitted construction, neighborhood noise problems, and anything else that a buyer would deem to be important.
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When must a real estate licensee provide an agency disclosure to a consumer ing to Michigan law?
Michigan law requires real estate licensees who are acting as agents of sellers or buyers of real property to advise the potential sellers or buyers with whom they work of the nature of their agency relationship.
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