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Updated over 5 years ago on . Most recent reply

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38
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Lucien Gautreau
  • Pensacola, FL
6
Votes |
38
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Residential Property Disclosure Statement - Not needed?

Lucien Gautreau
  • Pensacola, FL
Posted

Hi All,

I'm selling one of my duplex rentals that I've had since 2011. My question is, my agent on this particular property is saying on the Realtor (Listing Agreement) between us in the section that states (as an option on DocuSign) -
I DO or DO NOT agree to provide listing agent with Residential Property Disclosure and all information, withing my knowledge and control concerning the property.

He is placing the option where I need to sign my initials for I DO NOT agree.. So I reached out to him saying that I'd rather give it for full transparency and to prevent something coming back and nipping me in the butt.. (I've always provided it before with other properties).
His response was "Just sign the listing and you can fill it and we will give it to the buyer" and saying the reason why he chose the DO NOT vs. I DO option is because I don't live in the property.

Is this something that I should be concerned with? Or it's not a big deal.. I just want to make sure im safe. I understand I don't live in the property.. but shouldn't I still give full disclosure of it regardless if I live in it or not as the owner?? It just caught me off guard and as a little strange. But maybe I'm making a bigger deal of it than it actually is..

Agents or anyone who has knowledge on this I would definitely appreciate your Outlook on this. I will mention however, this property is in Canada (not that that should make a difference)

Thanks guys/gals!

Lucien Gautreau

Most Popular Reply

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3,316
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Mike Cumbie
  • REALTOR®
  • Brockport, NY
4,459
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3,316
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Mike Cumbie
  • REALTOR®
  • Brockport, NY
ModeratorReplied

Hi @Lucien Gautreau

That will be state (in this case country) specific. In my area you would still fill it out. Some of the only times you don't are if it is vacant land, an Estate, New construction, Foreclosed, HUD, 5+ unit dwellings. However that area may play under a completely different set of rules.

  • Mike Cumbie

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