A form prepared by the seller and provided to buyers is called the ____________________.

A form prepared by the seller and provided to buyers is called the ____________________.

• A. Property appraisal
• B. Seller's disclosure
• C. Buyer's agreement
• D. Listing agreement

Answer: (B)

The term used to describe a form that is prepared by the seller and provided to potential buyers is the seller's disclosure. This document is crucial in real estate transactions as it details any known defects or issues with the property that the seller is aware of. By disclosing this information, the seller helps to ensure transparency and allows buyers to make informed decisions regarding their purchase. The seller's disclosure can include information about the condition of major systems in the home (like plumbing, electrical, and heating), any prior repairs or renovations, and any other relevant facts that might affect a buyer's interest in the property. In the context of real estate, property appraisals refer to evaluations performed to determine a property's market value, which is not a form provided by the seller. A buyer's agreement is typically a contract between a buyer and a real estate agent, while a listing agreement binds the seller and the real estate agent, not the buyers. Thus, the seller's disclosure uniquely fits the description of a form provided by the seller to buyers.

The term used to describe a form that is prepared by the seller and provided to potential buyers is the seller's disclosure. This document is crucial in real estate transactions as it details any known defects or issues with the property that the seller is aware of. By disclosing this information, the seller helps to ensure transparency and allows buyers to make informed decisions regarding their purchase. The seller's disclosure can include information about the condition of major systems in the home (like plumbing, electrical, and heating), any prior repairs or renovations, and any other relevant facts that might affect a buyer's interest in the property.

In the context of real estate, property appraisals refer to evaluations performed to determine a property's market value, which is not a form provided by the seller. A buyer's agreement is typically a contract between a buyer and a real estate agent, while a listing agreement binds the seller and the real estate agent, not the buyers. Thus, the seller's disclosure uniquely fits the description of a form provided by the seller to buyers.