Information required for real estate agents. Even though sellers are not required to disclose clearly, their real estate agent may be. Montana law requires sellers` representatives to disclose documents and other relevant information about the terms of the property of which they are aware. These include issues such as structural integrity, health risks and infestations. Real estate agents are also required to disclose whether they have personal knowledge of the accuracy of information relating to harmful essential facts. The seller`s representatives are not required to verify the information provided by the seller or to inspect the property. The contract contains detailed information about the seller and buyer of real estate; the description of the property; the purchase price and the serious money of the contract; the nature of the funding; Conditions of ownership, etc. The contract is very detailed since it is signed without the services of a broker. This document has the force of res judicata and is very useful in the event of a dispute between the parties. This document is completed when individuals want to buy or sell real estate without a broker. The contract is used in the state of West Virginia. Buyer Caution / reservation received. Montana law does not require the seller to give guarantees of ownership unless they experience a problem that could harm the health or safety of the buyer.
However, if the property is sold by a broker, the broker is required to disclose to a buyer all the harmful facts. (§ 37-51-313) Radon (§ 75-3-606) – The related disclosure statement in the title should be included in the content of the sales contract and acknowledged by the buyer. If the building for sale has been checked for radioactive gas, the seller is also obliged to present the results of the investigation to the buyer. Any real estate transaction must be conducted with the security of Montana`s legal system in consideration. There`s no point in dealing with a company that doesn`t have the knowledge of the buying and selling agreement you need. The template for purchase and sale agreements provided by Montana helps you protect yourself and provide you with a professional document that protects you and your money. The right template can help you learn the basics of how such a document works. Real estate purchase contracts usually include promises and provisions that guarantee the condition, safety and/or value of a property. In most states, sellers must present a contract of sale at the same time as documents guaranteeing the condition of the property.
However, Montana law defines the buyer`s liability to determine if there are any problems with the property. This is known as: The montana residential purchase agreement (“General Residential Purchase Agreement”) describes the terms of a residential real estate activity between a buyer and seller. The agreement sets out the amount to be paid to the seller, the buyer`s financial information and the closing date of the transaction. Mould (§ 70-16-703) – This declaration must be included in any purchase and sale contract to inform the buyer of the possible presence of mould on the land. . . .