J T Henderson & Associates LLC Real Estate Brokers (888) 457-4601 ©2013 Licensed in the State of Michigan #6505-331222

Page 9 of 22

Seller's Disclosure Act of 1993
Instructor: John Henderson JT@grar.com

0:45 Minutes

Module 1 Lesson 1 - Self Assessment Review: 

(We suggest you print this page to use as a study guide for the final exam)

 

Question 1-1 The Seller Disclosure Act was created by the Michigan Legislature in:

 

Correct Answer: 1993

 

Question 1-2 The Sellers Disclose Act applies to:

Correct Answer: All residential sales consisting of 1 to 4 dwelling units.

 

Question 1-3 Which statement is NOT true?

 

Correct Answer: Failure to receive a Sellers Disclosure is never grounds to terminate a Purchase Agreement.

Question 1-4 What exceptions are there where a Seller Disclosure is not required?

 

Correct Answer: All the above