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.
Let’s start with the implied warranty of marketability, also called the implied covenant of marketable title. This is a guarantee by the seller that the seller will deliver marketable title to the buyer at the closing. This warranty is implied in...