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What is a disclosure statement?

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What is a disclosure statement? | Freilich Law | Michael Freilich | freilichlaw.com | (410) 321-0040

In Maryland, a disclosure statement is required by statute. Most realtors, when you sign the Listing Agreement in Maryland, will have you fill out a Disclosure Statement that talks about condition of the property. It includes things like plumbing, runoff, things of that sort. However, there’s an alternative. The statue allows for a Waiver of the Disclosure and you sign a waiver. I rarely allow my sellers to sign a Disclosure Agreement. That’s what an inspection is for. Make sure you have all documents reviewed by your real estate attorney, especially the Listing Agreement and all the attachments.

Posted on March 30, 2018

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