Duty of disclosure – The broker or seller has a duty of disclosure when selling a property. In general, this includes the personal details of the service provider, such as the address of the branch and the supervisory authority, any entry in the commercial register or general terms and conditions used. Furthermore, the broker or salesperson must inform about all circumstances of an object which, from his point of view, are relevant for the prospective buyer. This includes, among other things, the clarification of given defects of the object.
Duty of disclosure at a glance: Full disclosure of relevant circumstances
- Duty of the broker or seller towards the prospective buyer
- Disclosure of personal data of the service provider
- Clarification of relevant circumstances of the object
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