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  2. Seller disclosure statement - Wikipedia

    en.wikipedia.org/wiki/Seller_Disclosure_Statement

    In the United States, a seller disclosure statement is a form disclosing the seller's knowledge of the condition of the property. The seller disclosure notice or statement is anecdotal and does not serve as a substitute for any inspections or warranties the purchaser may wish to obtain. It also does not serve as a warranty of any kind. [1 ...

  3. Real estate contract - Wikipedia

    en.wikipedia.org/wiki/Real_estate_contract

    The date of the closing is normally also the date when possession of the real estate is transferred from the seller(s) to the buyer(s). However, the real estate contract can specify a different date when possession changes hands. Transfer of possession of a house, condominium, or building is usually accomplished by handing over the key(s) to it.

  4. Standardized Natural Hazards Disclosure Statement - Wikipedia

    en.wikipedia.org/wiki/Standardized_Natural...

    The Natural Hazards Disclosure Act, under Sec. 1103 of the California Civil Code, [1] states that real estate seller and brokers are legally required to disclose if the property being sold lies within one or more state or locally mapped hazard areas. The law specifies that the six (6) required hazards be disclosed on a statutory form called the ...

  5. How to buy a house for sale by owner - AOL

    www.aol.com/finance/buy-house-sale-owner...

    Request the property’s current title status as well. Visit FEMA.gov to verify whether the property is in a flood zone. Commission a thorough home inspection, including water, well and septic ...

  6. HUD-1 Settlement Statement - Wikipedia

    en.wikipedia.org/wiki/HUD-1_Settlement_Statement

    Prior to October 3, 2015, the form was used in closed-end consumer credit transactions that were secured by real property or cooperative units. But as of that date, the TILA/RESPA integrated disclosure (TRID) rule issued by the Consumer Financial Protection Bureau established a specific HUD-1/HUD-1A exemption. The TRID rule mandates the use of ...

  7. Listing contract - Wikipedia

    en.wikipedia.org/wiki/Listing_contract

    Open Agency: A seller can enter into an agreement to sell their property with more than one brokerage in open agency listings. The seller must pay a commission only to the brokerage which brings the buyer for the real estate. Typically, if the seller finds the buyer him/herself, the seller does not have to pay a commission. [1] [3]

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