In full seller disclosure states, the seller's agent is responsible to complete the seller disclosure form which will be reviewed by prospective buyers. In full disclosure states, the seller's agent has the responsibility to notify the seller of the obligation to disclose all known material facts. A seller's disclosure is a legal document that requires sellers to provide previously undisclosed details about a product's condition that potential buyers may find unfavorable.
For example, if a seller's disclosure provides a clearer picture of the home and its history, plus it allows buyers to make a more educated decision about whether to buy the home, with defects and all. For sellers, a seller's disclosure statement can protect them from being sued by buyers after the sale is complete.
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