Who is responsible for completing the Seller's Disclosure Notice?

Prepare for the TREC Law of Agency Exam. Study with multiple-choice questions and detailed explanations. Get confident for your test!

The responsibility for completing the Seller's Disclosure Notice rests with the seller. This document is critical as it provides potential buyers with important information about the property's condition, including known defects and issues that could affect the property's value or desirability.

The seller, being the party familiar with the property's history, conditions, and any relevant repairs or issues, is in the best position to disclose this information accurately. A seller's honesty and transparency in completing this disclosure can significantly impact the sales process and help avoid potential legal complications in the future.

The real estate agent and broker play supportive roles, guiding the seller through the process and ensuring they understand the importance of the disclosure. However, it is the seller who must ultimately provide the relevant information required in the notice. The buyer does not have any responsibility in this context, as their role is to receive and consider the information disclosed rather than to generate it.

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