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Page 15 of 22

Seller's Disclosure Act of 1993
Instructor: John Henderson

0:20 Minutes

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.

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