Tennessee Realtor State Practice Exam

If sellers request help with their disclosure forms, what should you remind them?

1. Disclosures must be completed by agents

2. Sellers must complete the disclosures themselves

3. Disclosure forms are optional for sellers

4. Agents can assist with completing the forms

The correct answer is: Sellers must complete the disclosures themselves

The correct response emphasizes that sellers have the responsibility to complete their own disclosure forms. In real estate transactions, sellers are required to provide accurate and truthful information about the property being sold, which typically includes disclosures regarding the condition of the property, any known defects, and other pertinent details. Agents are not legally permitted to fill out these disclosure forms on behalf of the sellers because doing so could lead to potential liability if any inaccuracies arise. It is crucial that sellers personally review the property and disclose any known issues based on their firsthand knowledge. This ensures transparency in the transaction and helps protect both parties during the sale process. While agents can certainly guide sellers on how to properly fill out the forms and explain the types of information that should be disclosed, the responsibility ultimately rests with the sellers. Understanding this division of responsibility is essential for maintaining ethical standards in real estate practices and minimizing legal risks.