Disclosures Flashcards
Difference between an easement and an encroachment
Encroachment occurs when someone illegally places an object or structure on another person’s property.
Easement is deed and title history and is right for someone else to use.
Frass
Carpenter ants leave behind a sawdust-like material called frass when they burrow through wood
UFFI
Urea-formaldehyde foam insulation (UFFI): This insulation contains high levels of formaldehyde,
which can cause health problems, and was used prior to the mid-80s. Asthma, rashes, eye, nose,
and throat issues, and breathing issues may occur. Test kits are available
MAAP
Information that must be disclosed by the licensee is anything that meets the MAAP standard: material, adverse, actually known, and related to physical condition.