Who is responsible for preparing Hawaii's Seller Disclosure Statement?

Prepare for the Hawaii Real Estate Salesperson Exam effectively. Study with our engaging quiz featuring flashcards and multiple-choice questions, complete with hints and detailed explanations. Get ready to ace your exam with confidence!

The Seller Disclosure Statement in Hawaii is specifically the responsibility of the seller. This document is critical in real estate transactions as it provides potential buyers with important information about the property, including known defects, repairs, and any issues that could affect the property's value or desirability.

Having the seller prepare this statement helps ensure that they disclose any relevant condition or concern, promoting transparency in the transaction. The seller's firsthand knowledge about the property's history and condition is essential for accurate disclosure. This practice protects both the buyer and the seller by minimizing misunderstandings that could lead to disputes after the sale.

While other parties, such as the listing broker or escrow agent, may assist the seller in the transaction and ensure that all documents are properly handled, it is ultimately the seller who has the obligation to provide the Seller Disclosure Statement.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy