For which of the following must the Residential Real Estate Sales Disclosure form be completed?

For which of the following must the Residential Real Estate Sales Disclosure form be completed?

• A. For the sale of all real property.
• B. For the sale of all residential real estate.
• C. For the sale of single-family homes only.
• D. For the sale of residential real estate containing not more than four (4) residential units.

Answer: (D)

The Residential Real Estate Sales Disclosure form is specifically required for the sale of residential real estate that contains not more than four residential units. This regulation is in place to ensure that pertinent information about the property is disclosed to potential buyers, allowing them to make informed decisions. Properties with four or fewer units generally fall under the category of residential, which includes single-family homes, duplexes, triplexes, and fourplexes. This requirement does not extend to all real property, which would include commercial, agricultural, or undeveloped land, nor is it applicable to all residential real estate in general, as there are certain exclusions or additional rules in place for larger multi-family buildings or different property types. Furthermore, while single-family homes are included within the scope of properties that require the form, the correct answer encompasses more than just those single units, thus confirming that the scope is limited to residential real estate containing up to four units.

The Residential Real Estate Sales Disclosure form is specifically required for the sale of residential real estate that contains not more than four residential units. This regulation is in place to ensure that pertinent information about the property is disclosed to potential buyers, allowing them to make informed decisions. Properties with four or fewer units generally fall under the category of residential, which includes single-family homes, duplexes, triplexes, and fourplexes.

This requirement does not extend to all real property, which would include commercial, agricultural, or undeveloped land, nor is it applicable to all residential real estate in general, as there are certain exclusions or additional rules in place for larger multi-family buildings or different property types. Furthermore, while single-family homes are included within the scope of properties that require the form, the correct answer encompasses more than just those single units, thus confirming that the scope is limited to residential real estate containing up to four units.