Property Disclosure Documents & Forms Required in Real Estate

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is the purpose of a disclosure document in a real estate transaction?

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1. What document explains what responsibilities the agent and client have in a real estate transaction?

2. What is an example of personal interests that must be disclosed in a real estate transaction?

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About This Quiz & Worksheet

Documents and forms are an integral part of real estate transactions. Take this quiz to test your knowledge of key documents and forms used for property disclosures.

Quiz & Worksheet Goals

Use this quiz to test your knowledge on:

  • Why a disclosure document important in a real estate transaction
  • The document that states the responsibilities of an agent and client in a transaction
  • What personal interests must be disclosed in a transaction
  • Information included on a seller's disclosure
  • Who usually does the last walk-through when a house is being sold

Skills Practiced

  • Information recall - access the knowledge you've gained regarding the information included on a seller's disclosure
  • Knowledge application - use your knowledge to answer questions on the purpose of disclosure documents
  • Reading comprehension - ensure that you draw the most important information from the related lesson on property disclosure documents

Additional Learning

Make sure to check out the lesson entitled Property Disclosure Documents & Forms Required in Real Estate to learn more. The lesson contains the following topics:

  • Why forms and disclosures are important for sellers and buyers
  • Types of conflicts of interests that can affect a transaction
  • Why an inspection important and what an inspector does
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