Common use of SELLER DISCLOSURE Clause in Contracts

SELLER DISCLOSURE. Seller acknowledges that Seller is bound by the provisions, obligations and penalties of the Michigan Seller’s Disclosure Act. Seller further acknowledges that Seller is required to provide Broker or prospective Buyer or Buyer’s Agent a written Seller’s Disclosure Statement before the execution of a binding Buy and Sell Agreement. Seller shall provide updated Seller’s Disclosure Statement if required by law. Seller acknowledges and understands that failure to provide a prospective Buyer a signed Seller’s Disclosure Statement may enable Buyer to terminate an otherwise binding Buy and Sell Agreement prior to the close of sale. In addition, Seller acknowledges and understands that in the event Seller provides the Seller’s Disclosure Statement after entering an otherwise binding Buy and Sell Agreement, a prospective Buyer may terminate the Buy and Sell Agreement by delivering written notice to the Seller within 72 hours after delivery of the Seller’s Disclosure Statement in person, or within 120 hours after delivery of a Seller’s Disclosure Statement by registered mail. Seller further acknowledges that if Xxxxxx becomes aware of any material defects in The Property, Broker is hereby authorized to disclose same to Buyer.

SELLER DISCLOSURE. Seller acknowledges that Seller is bound by the provisions, obligations and penalties of the Michigan Seller’s Disclosure Act. Seller further acknowledges that Seller is required to provide Broker or prospective Buyer or Buyer’s Agent a written Seller’s Disclosure Statement before the execution of a binding Buy and and Sell Agreement. Seller shall provide updated Seller’s Disclosure Statement if required by law. Seller acknowledges and understands that failure to provide a prospective Buyer a signed Seller’s Disclosure Statement may enable Buyer to terminate an otherwise binding Buy and and Sell Agreement prior to the close of sale. In addition, Seller acknowledges and understands that in the event Seller provides the Seller’s Disclosure Statement after entering an otherwise binding Buy and and Sell Agreement, a prospective Buyer may terminate the Buy and and Sell Agreement by delivering written notice to the Seller within 72 hours after delivery of the Seller’s Disclosure Statement in person, or within 120 hours after delivery of a Seller’s Disclosure Statement by registered mail. Seller further acknowledges that if Xxxxxx becomes aware of any material defects in The Property, Broker is hereby authorized to disclose same to Buyer.

SELLER DISCLOSURE. Seller acknowledges that Seller is bound by the provisions, obligations and penalties of the Michigan Seller’s Disclosure Act. Seller further acknowledges that Seller is required to provide Broker Xxxxx Realtors® or prospective Buyer or and/or Buyer’s Agent a written Seller’s Disclosure Statement before the execution of a binding Buy and Sell Agreement. Seller shall provide updated Seller’s Disclosure Statement if required by law. Seller acknowledges and understands that failure to provide a prospective Buyer a signed Seller’s Disclosure Statement may enable Buyer to terminate an otherwise binding Buy and Sell Agreement prior to the close of sale. In addition, Seller acknowledges and understands that in the event Seller provides the Seller’s Disclosure Statement after entering into an otherwise binding Buy and Sell Agreement, a prospective Buyer may terminate the Buy and Sell Agreement by delivering written notice to the Seller within 72 hours after delivery of the Seller’s Disclosure Statement in person, or within 120 hours after delivery of a Seller’s Disclosure Statement by registered mail. Seller further acknowledges that if Xxxxxx Xxxxx Realtors® becomes aware of any material defects in The Property, Broker Xxxxx Realtors® is hereby authorized to disclose same to Buyer.

SELLER DISCLOSURE. Seller acknowledges that Seller is bound by the provisions, obligations and penalties of the Michigan Seller’s Disclosure Act. Seller further acknowledges that Seller is required to provide Broker or prospective Buyer or Buyer’s Agent a written Seller’s Disclosure Statement before the execution of a binding Buy and & Sell Agreement. Seller shall provide updated Seller’s Disclosure Statement if required by law. Seller acknowledges and understands that failure to provide a prospective Buyer a signed Seller’s Disclosure Statement may enable Buyer to terminate an otherwise binding Buy and & Sell Agreement prior to the close of sale. In addition, Seller acknowledges and understands that in the event Seller provides the Seller’s Disclosure Statement after entering an otherwise binding Buy and & Sell Agreement, a prospective Buyer may terminate the Buy and & Sell Agreement by delivering written notice to the Seller within 72 hours after delivery of the Seller’s Disclosure Statement in person, or within 120 hours after delivery of a Seller’s Disclosure Statement by registered mail. Seller further acknowledges that if Xxxxxx becomes aware of any material defects in The Property, Broker is hereby authorized to disclose same to Buyer.