Page 6 - SELLER & BUYER DISCLOSURES

Seller Property Questionnaire (SPQ)

The Seller Property Questionnaire is a form to be completed by a Seller in an effort to give Buyer a more

comprehensive understanding of the property to be acquired. The form does not replace the Real Estate
Transfer Disclosure Statement but supplements it. This form is not mandated by statute or contract but
may serve as a helpful tool in a transaction. The four pages of questions can often prompt Seller to

remember something about the property that Seller otherwise would not have remembered or may not
have considered important enough to disclose. The questions ask for Seller's actual knowledge not a

warranty regarding the property's condition.

Seller Vacant Land Questionnaire (VLQ)
This form contains a list of questions asking about the Seller's knowledge of the property. Since sellers of

vacant land are not required to complete a TDS, this form gives Sellers a place to make material
disclosures.

Lead Base Disclosure Pre-1978 Housing (FLD)
Used to comply with federal requirements for disclosure of any known lead-based paint or lead-based
paint hazards on any housing constructed prior to 1978. From Seller to Buyer or from Owner or Landlord

to Tenant

Buyer's Inspection Waiver (BIW)

This form is used to document that a Buyer has been advised to obtain certain inspections but has
declined to do so.

Market Conditions Advisory (MCA)

This form is used to document that a Broker discussed with a Buyer that market conditions fluctuate and
as a result there is no guarantee that prices will continue to move in a particular direction. Form also

advises about the risks of making non-contingent offers or removing contingencies.

Megan's Law Data Base Disclosure (DBD)
Complies with requirement that certain printed information be part of residential real estate contract and

leases.

Notice of Private Transfer Fee (NTF)

Effective January 1, 2008, a seller has an obligation to make specific disclosures if the property being
sold is subject to a private transfer fee. These fees typically originated from an agreement between a