Asked by ronak hindocha on Jun 03, 2024

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Many jurisdictions now require all sellers to disclose hidden defects that materially affect the property's value if reasonable examination would not reveal such defects.

Hidden Defects

Flaws or imperfections in a product or property that are not readily observable and may not be known until after a transaction has occurred.

Jurisdictions

The official power to make legal decisions and judgments, often within a specific geographic area or over a certain type of case.

  • Identify the regulatory structures impacting real estate, such as zoning, amendments to the Truth in Lending Act, and disclosure obligations.
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ZK
Zybrea KnightJun 04, 2024
Final Answer :
True
Explanation :
This is because hidden defects can significantly impact the value and safety of a property, and sellers are often legally obligated to disclose any known issues that could not be discovered through a normal inspection process.