Chapter 18

Question 1

Acknowledgment of receipt by buyer

Answer 1

I acknowledges that they have received all document

Question 2

If you or any former owners have remodeled or made any structural changes to the property

Answer 2

Addition/re-models

Question 3

Do you have any alternate/additional power systems that supply power to the property?

Answer 3

Alternate/additional power systems

Question 4

Any problems with dishwasher, dryer, freezers, microwave, etc.

Answer 4

Appliances

Question 5

Is there any fence deck or other improvement extends onto any adjoining property

Answer 5

Boundaries & easement

Question 6

Buyer should consult with local zoning officials to assure that the buyers intended use of the property complies with

Answer 6

Building code/zoning compliance

Question 7

Illegally binding document

Answer 7

Buyer due diligence checklist

Question 8

If the seller updates the form they must re-sign and date

Answer 8

Disclosure form update

Question 9

Any problems with electrical switches outlets, or any portion of the electrical system?

Answer 9

Electricical

Question 10

Turn your own ship of the property have you had any independent energy efficiency assessment of the property conducted?

Answer 10

Energy efficiency

Question 11

Any problems with air central VAC sprinkler system, security smoke alarm, etc.

Answer 11

Equipment

Question 12

The buyer has decided to cancel their transaction based on the fact that they discovered the property is haunted which form should be used

Answer 12

Buyers notice of cancellation

Question 13

According to the buyer due diligence checklist, the suggested remedy for handling an issue with lead-based paint is

Answer 13

To consult with appropriate professionals

Question 14

If the property is going to be taxed as a green belt, the location for the remainder to check on this on the buyer due diligence, checklist can be found on what page

Answer 14

Page 3

Question 15

The purpose of the buyer due diligence checklist is

Answer 15

To provide a general list of issues, the buyer should consider in evaluating the property

Question 16

The sellers obligation to disclose to the buyer and all defects in the property is

Answer 16

Required by law, regardless of occupancy

Question 17

The Walters are selling their ranch. They’re aware that the fence and roaches the adjoining property, the location of the disclosure regarding this encroachment can be found in the seller property condition disclosure on what page

Answer 17

Page 4

Question 18

Susan, seller is aware of a problem with the air conditioner of the home. She is selling the location of the disclosure regarding disclosure of issues related to the air conditioner can be found in the seller property condition disclosure on which page.

Answer 18

Page 3

Question 19

The location of the disclosure regarding square footage can be found in the seller property condition disclosure on which page

Answer 19

Page 6

Question 20

What is the purpose of the seller property condition disclosure

Answer 20

Allowing the seller an opportunity to provide complete an accurate disclosure regarding all material facts affecting the property

Question 21

The purpose of the transaction dock receipt is to

Answer 21

Provide proof that specific documents were delivered