The broker must provide a Transfer Disclosure Statement (TDS).
In order to earn a commission after the trade is completed, brokers organize transactions between buyers and sellers. An LPC, LMFT, or registered associate sends every client a professional disclosure statement (PDS), which contains details about the licensee/registered associate and their practice. Every candidate for licensure must provide a PDS with their application.
Any prospective buyer whose offer has been accepted must get a Transfer Disclosure Statement (TDS) from the broker, which was acquired from the seller. Specific inquiries concerning flaws or malfunctions that the seller may be aware of are made on this form.
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