Idaho Real Estate Practice Exam

When must seller property condition disclosures be delivered to the buyer?

1. Within ten days after execution of the agreement

2. At the time of offer acceptance

3. Before signing the listing agreement

4. Immediately after the home inspection

The correct answer is: Within ten days after execution of the agreement

The requirement for seller property condition disclosures to be delivered to the buyer is typically that they must be provided within ten days after the execution of the purchase and sale agreement. This timeframe allows the buyer to review the condition of the property and any potential issues before proceeding further in the transaction. It ensures that buyers are fully informed about the property they are considering, giving them an adequate opportunity to raise concerns or potentially negotiate repairs or concessions. Providing these disclosures after the agreement is signed but within the specified period instills transparency and promotes a fair transaction process. Other options do not align with the legal framework guiding property disclosure practices; disclosures occurring at the time of offer acceptance or immediately after a home inspection would not provide the buyer with a sufficient timeframe to assess the information before committing to the purchase. Additionally, requiring disclosures before signing a listing agreement does not apply, as the buyer typically is not involved at that stage.