This is the contract between you and the listing real estate office with the terms of the listing including the price, how long it will be listed for and the commission. It will also spell out showing instructions you prefer as well as the placement of for sale signs

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This is a form filled out and signed by sellers so that they can pass along to the buyers anything they know about the property including past upgrades, improvements and repairs as well as disclosing any material defects with the property.

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Lead Paint

Congress in 1992 enacted the Residential Lead-Based Paint Hazard Reduction Act (Title X of Public Law 102-550). Section 1018 of Title X regulates disclosure of lead-based paint in transactions involving pre-1978 residential properties.

Simply put, if a seller of a property has tested for lead paint and it is found then it must be disclosed to the buyer.  Whether the seller is aware that the property has lead paint or not, they must sign the, "Property Transfer Lead Paint Notification," form which will be presented to the buyers to review and sign.

Additional lead base paint information can be found at: http://www.hud.gov/offices/lead/disclosurerule/index.cfm

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