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Seller's Disclosure Act of 1993
Instructor: John Henderson
Module 1 - Lesson 3 Self Assessment Review:
(We suggest you print this page as a study guide for the final exam)
Question 3-1 Failure to provide a purchaser with a signed disclosure statement will enable a purchaser to terminate an otherwise binding purchase agreement.
Correct Answer: True
Question 3-2 Information included on the Sellers Disclosure form is determined by:
Correct Answer: Michigan Legislature
Question 3-3 Language included in the Sellers Disclosure form may be arbitrarily changed by:
Correct Answer: No one
Question 3-4 Regarding the Sellers Disclosure, all sellers must do the following EXCEPT:
Correct Answer: Seller must leave blank any questions/answers that are unknown to them.