Answer :
A licensee discloses to a prospective buyer that the buyer will be responsible for certain closing costs at or before the time an offer is written or presented.
What is the difference between advisories and disclosures?
When you submit an offer to purchase a house, the Residential Purchase Agreement (RPA) also includes a disclosure known as the Buyer's Inspection Advisory (BIA). Simply expressed, it is a suggestion that the buyer hires a professional inspector to go over the house. The purpose of disclosures is to safeguard and inform the parties of an agreement.
Disclosure requirements enable the public and media to investigate political financing. These standards enable interested parties, including the public and the media, to view records that would otherwise be off-limits to them.
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