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OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®



  SALES MEETING TOOL KIT: PROPERTY DISCLOSURE
 

Component 1: Facilitator Talking Points

Component 2: Property Disclosure Agenda

Component 3: Handout 1, What Is Liability

Component 4: Activity 1, Recognizing Improper Disclosure

Component 5: Activity 1, Explanations for Disclosure Scenarios

Component 6: Handout 2, Tips for Reducing Your Risks

Component 7. Handout 3, Disclosure Primer and Your Company’s Property Disclosure Form

Component 8: Activity 2, Identifying Defect Red Flags

Component 9: Activity 2, Answers to Red Flags

Component 10: Activity 3: Lead Out Quiz

Component 11: Activity 3, Answers to Lead Quiz

Component 12: Handout 4, A summary of your state’s disclosure requirements under Megan’s Law

Other Resources		   Component 8: Activity 2 Identifying Red Flags

Seven Physical Defects and Tips on Recognizing Them
This exercise illustrates the identification of common defects and the “red flag” that may suggest their presence. Many other defects may exist and be indicated by other sorts of red flags.

Fill in a red flag that would alert you to the possible presence of each problem in the right-hand column.


Defect Red Flag
1. Roof leak
2. Termites
3. Water seepage in the basement
4. Poor foundations
5. Plumbing problems
6. Asbestos
7. Underground storage tanks
8. Soil instability/mud slides

Component 9, next page >

Note: This information provides general legal information and should not be relied upon as legal guidance. Before acting, both the relevant laws and legal counsel should be consulted. This information should not be construed as specific legal advice nor as an opinion on particular facts, cases, or situations.