Texas Real Estate Brokerage Sales Apprentice Education (SAE) Practice Exam

When should a real estate agent provide the seller's disclosure form to potential buyers?

1. Only after a verbal agreement

2. At the closing stage

3. Prior to any offers

4. Only upon request

The correct answer is: Prior to any offers

Providing the seller's disclosure form to potential buyers prior to any offers is essential because it ensures transparency in the transaction. This form contains crucial information about the property's condition, which allows buyers to make informed decisions before they proceed with an offer. Offering this disclosure early in the process helps prevent misunderstandings and issues later on, as buyers will be aware of any known defects or concerns associated with the property. By supplying the disclosure form ahead of offers, brokers and agents comply with legal obligations and foster trust between parties. This practice not only protects the interests of buyers but also safeguards the seller from potential disputes after an agreement has been made. Obtaining and reviewing the seller's disclosure form at any other stage, such as after a verbal agreement or only upon request, could lead to complications in the negotiation process and may leave buyers feeling uninformed. Additionally, providing this information at the closing stage would be too late for buyers to consider essential details regarding the property.