In which scenario is a seller NOT required to provide a Seller's Disclosure of Property Condition?

In the context of real estate transactions, sellers are typically required to provide a Seller's Disclosure of Property Condition to inform potential buyers about the property's condition and any known issues. However, this requirement does not extend to all types of properties.

For commercial properties, sellers are generally not held to the same disclosure requirements that apply to residential properties. This is mainly because commercial transactions often involve more sophisticated buyers who are expected to conduct their own due diligence. In these scenarios, buyers usually have more experience and resources to assess the property's condition independently, which reduces the necessity for the seller to formally disclose all known issues.

In contrast, residential properties, whether single-family homes or multi-family units, typically require a disclosure to ensure prospective buyers are aware of conditions that could affect their decision to purchase or negotiate terms. Real estate license holders facilitating the sale of residential properties also are expected to follow these disclosure laws. Thus, the requirement shifts considerably when it comes to commercial property transactions, making it clear that sellers of commercial real estate are not obligated to provide a Seller's Disclosure of Property Condition.