Seller Guarantees and Disclosures
Learn about the guarantees and disclosures that a seller must make, including those related to the marketability and physical condition of the property.
In the course of a real estate sale, the seller must make certain guarantees and disclosures regarding both the seller’s title and the physical condition of the property. In this lesson we’ll learn what those guarantees and disclosures include.
I. Implied Warranty of Marketability
Let’s start with the implied warranty of marketability, also called the implied covenant of marketable title. This is a guarantee...