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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 12: Handout 4, Summary of State Disclosure Requirements under Megan’s Law

“Megan’s Law” refers to laws adopted in the various states by which the state, or local communities within the state, requires convicted sex offenders to register with state or local law enforcement agencies. The laws also require that information about these offenders be made available to the public.

Some state laws specifically address whether real estate professionals are required to provide such information to prospective purchasers; some expressly exempt real estate professionals from the need to make such disclosure. However, these provisions vary from state to state, so you should check both your state’s Megan Law, and in some cases state agency laws, to be sure you understand the requirements imposed by your state. In the absence of specific state disclosure requirements, you may wish to adopt a policy of telling buyers where they can obtain information under your state’s Megan’s Law.

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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.