Florida Real Estate Exam Prep 32, Property Disclosures and Material Facts

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Florida Real Estate Exam Prep 32, Property Disclosures and Material Facts

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This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Florida law requires sellers to disclose all known material facts that affect a residential property's value and are not readily observable by the buyer. - Specific statutory disclosures are mandated for lead-based paint (in pre-1978 homes), radon gas, and Homeowners' Association rules, each with precise requirements. - The property tax disclosure serves as a mandatory warning that a new owner's tax bill may be significantly different from the seller's. - Sellers must disclose any active building code violations and inform buyers if the property is located within a Community Development District (CDD). - Certain facts, such as a death having occurred on the property, are not considered material facts under Florida law and do not require disclosure. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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