In Alaska, sellers are required to make full disclosure of the property's condition by giving buyers a completed Residential Real Property Transfer Disclosure Statement. This course discusses sellers' disclosure duties in detail as well as a licensee's duties to disclose material defects. It also examines when the disclosure statement must be delivered to the buyer, the items that must be disclosed, and the penalties for violations. It concludes with an overview of the importance of conducting a home inspection and best practices licensees can follow to manage risk with disclosures and inspections.

By the end of this course, you should be able to:

• describe sellers' duty to disclose information about a property and to deliver the Residential Real Property Transfer Disclosure Statement
• list the items that sellers must disclose on the disclosure statement
• recall the remedies available to buyers when sellers misrepresent property conditions
• define what type of information is considered a material fact
• explain a licensee's duties to disclose all known material facts about a property
• explain the purpose of a home inspection and its limitations
• identify best practices licensees can use to manage risk with disclosures and home inspections