New York State requires dislcosure* in the sale of real estate. These disclosures pertain to

Agency, Seller Property and Federal Lead Paint Disclosure.

 

Agency Disclosure

Before you enter into a discussion with a real estate agent regarding a real estate transaction, you should understand what type of agency relationship you wish to have with that agent. New York State law requires real estate licensees who are acting as agents of buyers or sellers of property to advise the potential buyers or sellers with whom they work of the nature of their agency relationship and the rights and obligations it creates. Because of the relationships we have with our seller clients, REONY.com does not offer buyer agency or buyer brokerage services. If you are interested in buying one or more of our Hot Houses and HUD Homes, we are offering these listings as agent of the seller. However in acting as a seller's agent, REONY.com must (a) exercise reasonable skill and care in performance of the agent's duties; (b) deal honestly, fairly and in good faith; and (c) disclose all facts known to the agent materially affecting the value or desirability of property, except as otherwise provided by law.

Click here to view / print the NY State Agency Disclosure form: agencydisc.pdf

Seller Property Disclosure*

The Property Condition Disclosure Act requires the seller of residential real property to cause this disclosure statement or a copy thereof to be delivered to a buyer or buyer’s agent prior to the signing by the buyer of a binding contract of sale. Purpose of Statement: This is a statement of certain conditions and information concerning the property known to the seller. This Disclosure Statement is not a warranty of any kind by the seller or by any agent representing the seller in this transaction. It is not a substitute for any inspections or tests and the buyer is encouraged to obtain his or her own independent professional inspections and environmental tests and also is encouraged to check public records pertaining to the property.

Click here to view / print the NY State Seller Property Disclosure form: selldisc.pdf

Click here to view / print sellers that are exempt from this Disclosure: discexempt.html

Federal Lead Paint Disclosure

Every purchaser of any interest in residential real property on which a residential dwelling was built prior to 1978 is notified that such property may present exposure to lead from lead-based paint that may place young children at risk of developing lead poisoning. Lead poisoning in young children may produce permanent neurological damage, including learning disabilities, reduced intelligence quotient, behavioral problems, and impaired memory. Lead poisoning also poses a particular risk to pregnant women. The seller of any interest in residential real property is required to provide the buyer with any information on lead-based paint hazards from risk assessments or inspections in the seller’s possession and notify the buyer of any known lead-based paint hazards. A risk assessment or inspection for possible lead-based paint hazards is recommended prior to purchase.

Click here to view / print the Federal Lead-Based Paint Disclosure: leaddisc.pdf

Click here to view / print the Federal Lead-Based Paint Information Book: leadbook.pdf

Our website and marketing may contain forward-looking statements. When used, the words "anticipate," "assume," "believe," "estimate," "expect," "intend," "may," "plan," "project," "result," "should", "will" and similar expressions that do not relate solely to historical matters identify forward-looking statements. Forward-looking statements are subject to risks and uncertainties, both known and unknown and often beyond our control, and are not guarantees of future performance insofar as actual events or results may vary materially from those anticipated. There are many factors that may cause such a variance. We expressly disclaim any responsibility to update forward-looking statements.


*there are certain exemptions, ask you Real Estate Agent or Attorney for more information

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