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Seller's Disclosure Act of 1993
Instructor: John Henderson
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