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 November 14th, the Law Offices of Peter N. Brewer will be presenting a free webinar about the real estate disclosures in California. Real estate attorney Adam L. Pedersen will discuss the law surrounding real estate disclosures, as well as the processes for prosecuting and for defending non-disclosure action. REALTORS® will learn about non-traditional items that must be disclosed, as well as recent case updates affecting disclosure requirements. Investors and developers should attend to gain an in-depth understanding of what they must disclose, especially in foreclosed and in flipped properties. Homeowners and potential buyers should also attend, to understand the legal considerations that may impact their future property transactions.