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2017 California Disclosure Requirements

California 2017 Disclosure Requirements 

 

 

 

Many folks thinking about selling their home want to know, sometimes WAY before they start the selling process, what the Disclosure Requirements for California are.  I have sent several emails, texts, to answer and give the link to the Department Of Real Estate Page.  A couple times it’s been faster to just  direct folks over the phone on how to search Google to find these Official Disclosures Required in California.

So, after what seemed the eleventh time I answered the question, I wrote an email and saved it so I could just copy and paste it to send the next time someone asked… But then,  when I’d get asked about them and I’d promise to send the email…  I just sat down to find the email, and I just I decided to write a blog post here on Wereheretohelp.org and really explain the Required Disclosure Documents. Now I can just have folks google Wereheretohelp.org California Disclosure Requirements.

So, here in California, all residential property (all 1-4 unit Properties) sellers (or their Broker) must execute several State Mandated Disclosure Documents that must be presented in writing to buyers within specified timelines.  These Required California Disclosure Documents  explain every detail related to the property that is being sold.

The Buyer’s Termination Rights:

Time Is Of The Essence!According to the State of California Department Of  Real Estate, you as the seller must deliver the disclosures The buyer has three days after delivery of the disclosure in person or five days after delivery by deposit in the United States mail to terminate the offer or the agreement by delivering a written notice of termination to the seller

 

 

In nearly every transaction, California Real Estate Disclosures are required by state law, (California Civil Code, Section 1102).  But there are SOME transactions that are exempt-For instance, all or some of the Required Disclosures are omitted in a court ordered transfer of property,  or a simple transfer between co-owners or if the property is being sold by a foreclosing bank or lending institution (REO).

In any other instance, expect there will be Seller Disclosure Requirements. (See California Civil Code Section 1102)
California disclosures are very strict and specific in terms of formatting. The full explanation and additional information regarding which transfers are exempt or partially exempt from these disclosure requirements are included in the links below Many of the forms provided along with the official disclosure requirements in the official Department of Real Estate link below.

 

 

So now, I just tell folks to google wereheretohelp.org disclosure requirements, if they want to see the official DISCLOSURES REQUIRED OF A SELLER AND/OR A REAL ESTATE BROKER/AGENT IN CALIFORNIA.

State of California Disclosures

              California Disclosures

Disclosure pamphlet from 

Department of  Real Estate

 DISCLOSURES IN REAL PROPERTY TRANSACTIONS

One more note, This  is my personal disclaimer that I am not an attorney, l have no legal experience etc.  and I am using the language from the Department of Real Estate: Disclosure requirements constantly change and it is a sellers responsibility to know them Should you need assistance or further information, consult the statutory references included, contact and consult an attorney or a knowledgeable real estate professional. Also, this booklet has a list of government agencies which you may contact for further information, as appropriate. Because the laws concerning disclosure obligations may change, you should use this booklet only as a general source of information.

Find more information on Transfer Disclosure Statement and Natural Hazard Disclosures right here on Wereheretohelp.org

 

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