When real estate is sold, it is essential that the buyer know exactly what they are purchasing. As a result, the seller must disclose everything they know to be true about the property before the contract is executed and escrow is closed. The law requires that sellers disclose all material facts that affect the value or desirability of the property; when a non-disclosed issue is discovered, it opens up potential liability for the seller, the seller’s agent, and potentially even the buyer’s agent.
Non-disclosure disputes are the most common real estate legal dispute in California, so it is imperative that the larger real estate community understand disclosures. On Tuesday November 14th, the Law Offices of Peter N. Brewer presented a free webinar about the real estate disclosures in California. Real estate attorney Adam L. Pedersen discussed the law surrounding real estate disclosures, as well as the processes for prosecuting and for defending non-disclosure action. By watching the replay of the webinar, REALTORS® will learn about non-traditional items that must be disclosed, as well as recent case updates affecting disclosure requirements. Investors and developers will gain an in-depth understanding of what they must disclose, especially in foreclosed and in flipped properties. Homeowners and potential buyers will understand the legal considerations that may impact their future property transactions.
During the webinar, attorney Adam Pedersen discusses essential topics related to disclosures in the real estate transaction process, including:
•”Buyer Beware” & Basics of Real Estate Contracts
•Legal Authorities & Instruments for Disclosures
•Types of Disclosures Required by Law
•Process of Disclosure Disputes
•Determining WHEN, WHO, and HOW to Sue in Disclosure Dispute
•Evaluating Damages in Disclosure Disputes
•Overview of Disclosures in Litigation