What does "real estate disclosure" involve?

Real estate disclosure refers to the obligation of sellers to inform potential buyers about the condition of the property. This includes any known issues or defects that may affect the property's value or desirability, such as structural problems, pest infestations, environmental hazards, and other important aspects that a buyer should be aware of prior to the purchase. This process is intended to promote transparency and protect the interests of the buyer, ensuring that they make an informed decision based on the accurate representation of the property.

Providing property tax information is important, but it falls under a different category of real estate practices rather than disclosure of property condition. Legal documentation required during closing is also an essential part of the real estate transaction but does not pertain directly to the concept of disclosure itself. Networking with industry professionals is critical for real estate agents and can enhance transactions, but it does not relate to the specific legal and ethical obligation of disclosing property conditions to buyers. Thus, the primary focus of real estate disclosure is centered on the sellers’ duty to communicate pertinent details about the property's status to potential buyers.