Transfer Disclosure Statement Quiz

Disclosure requirements are fulfilled when the necessary information is provided in connection with the real estate transfer.

The Natural Hazard Disclosure Report provides details about potential hazards related to a property, such as earthquakes, floods, or airport noise.

Information about the property’s condition is communicated to potential buyers.

The seller is either living in the property or not.

This statement provides factual information about the property and does not create a binding agreement between the buyer and seller.

A legal document used in California to disclose known or suspected property defects to potential buyers. It's mandatory for the seller to provide this information before entering into a purchase agreement.

This statement is a tool for informing buyers about the property's condition, but it's not a guarantee of its quality.

This disclosure statement focuses on the physical and environmental condition of the property. It aims to reveal any defects affecting the property's value.

The sellers and their agents are responsible for filling out the TDS, including details like any known issues or potential problems with the property.

The TDS is a key document in the transaction. Buyers should carefully review it before making a decision to purchase the property. It provides vital information about the property's condition.

A device that uses electricity to heat and cook food.

A device that uses radio waves to heat and cook food.

A system that uses plumbing to collect, treat, and remove waste water.

A device that removes water that collects in a basement or crawlspace.

A device that softens hard water by removing minerals.

A device that provides security by sounding an alarm when unauthorized entry is detected.

A device that detects the presence of carbon monoxide, a potentially deadly gas.

A device that detects smoke and alerts you to a potential fire.

All single-family residences built before January 1, 1994, must have water-conserving plumbing fixtures installed after January 1, 2017.

If a single-family home built before 1994 undergoes renovations or improvements after January 1, 2014, it needs water-conserving fixtures for approval.

This section of the Civil Code mandates water-conserving plumbing fixtures in specific circumstances.

Potential environmental hazards like asbestos, lead paint, or mold need to be disclosed by the seller.

Common features like walls, fences, or driveways shared with neighbors can affect the property and need disclosure.

Encroachments, easements, or other matters that could limit the property ownership must be disclosed.

Unauthorized additions, modifications, or repairs without necessary permits need to be disclosed by the seller.