Disclosure Reguarding
Real Estate
Agency Relationships
Before you enter into a discussion with a real estate agent regarding a real estate transaction, you should understand what type of
agency relationship you wish to have with that agent.
New York State law requires real estate licensees who are acting as agents of buyers or sellers of property to advise the potential
buyers or sellers with whom they work of the nature of their agency relationship and the rights and obligations it creates......
It should be known that Island Advantage Realty, LLC is exclusively a sellers agent. You should familiarize yourself with the attached form since it will be necessary for you to sign said form. If you should have any questions we would be happy to further explain.
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Realtor Disclosure Form
This file is in
(.pdf) FORMAT |
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Property Condition Disclosure Statement
It should be known that the majority of the properties handled by Island Advantage Realty, LLC are bank or corporate owned. Therefore, our sellers typically have no knowledge as to their properties' condition. The attached form will need to be signed at time of contract. Engineer inspections are always recommended by Island Advantage Realty, LLC as a precautionary measure due to the lack of information available.
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Condition Disclosure Statement
This file is in
(.pdf) FORMAT |
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Seller’s Disclosure Information
on Lead-Based
Paint and/or
Lead-Based
Paint Hazards
The attached form will be presented to you at the beginning of the negotiation stage. The majority of times the form will be marked off with no knowledge of lead being present. Again, since these properties were acquired through acquisitions and the foreclosure process there is usually no first hand knowledge. However, if there is actual knowledge, not hearsay, this will be disclosed. Please review the booklet "Protect Your Family From Lead in Your Home"
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Seller’s Disclosure Form
This file is in
(.pdf) FORMAT |
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Protect Your Family
From Lead in Your Home
Many houses and apartments built before 1978 have
paint that contains high levels of lead (called leadbased
paint). Lead from paint, chips, and dust can
pose serious health hazards if not taken care of properly.
Federal law requires that individuals receive certain information
before renting, buying, or renovating pre-1978 housing:
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Lead Based Paint Booklet
This file is in
(.pdf) FORMAT |
