Section 55-2517 – FAILURE TO COMPLY.
55-2517. FAILURE TO COMPLY. No transfer, subject to this chapter, shall be invalidated solely because of the failure of any person to comply with any provision of this chapter. However, any person who willfully or negligently violates or fails to perform any duties prescribed by any provision of this chapter shall be liable in the […]
Section 55-2518 – DUTIES OF REAL ESTATE LICENSEES UNCHANGED.
55-2518. DUTIES OF REAL ESTATE LICENSEES UNCHANGED. Nothing contained in this chapter shall in any way limit or reduce the duties that a real estate licensee owes to his or her client or to the general public. History: [55-2518, added 1994, ch. 366, sec. 1, p. 1179.]
Section 55-2501 – SHORT TITLE.
55-2501. SHORT TITLE. This chapter may be cited as the "Idaho Property Condition Disclosure Act." History: [55-2501, added 1994, ch. 366, sec. 1, p. 1173.]
Section 55-2502 – LEGISLATIVE INTENT.
55-2502. LEGISLATIVE INTENT. In order to promote the public health, safety and welfare and to protect consumers; it is the purpose of the provisions of this chapter to require sellers of residential real property as defined in this chapter to disclose certain defects in the residential real property to a prospective buyer. History: [55-2502, added […]
Section 55-2503 – DEFINITIONS.
55-2503. DEFINITIONS. As used in this chapter: (1) "Political subdivision" has the same meaning as provided in section 7-1303, Idaho Code. (2) "Residential real property" means real property that is improved by a building or other structure that has one (1) to four (4) dwelling units or an individually owned unit in a structure of […]
Section 55-2504 – PROPERTY CONDITION DISCLOSURE REQUIRED.
55-2504. PROPERTY CONDITION DISCLOSURE REQUIRED. Any person who intends to transfer any residential real property, including nonowner occupied rental property, on or after July 1, 1994, by any of the methods as set forth herein shall complete all applicable items in a property disclosure form prescribed under section 55-2508, Idaho Code. Except as provided in […]
Section 55-2505 – EXEMPTIONS.
55-2505. EXEMPTIONS. The provisions of this chapter do not apply to any transfer of residential real property that is any of the following: (1) A transfer pursuant to court order including, but not limited to, a transfer ordered by a probate court during the administration of a decedent’s estate, a transfer pursuant to a writ […]
Section 55-2506 – DISCLOSURE INFORMATION.
55-2506. DISCLOSURE INFORMATION. The information required in this chapter shall be set forth on the form set out in section 55-2508, Idaho Code. Alternative forms may be substituted for those set out in section 55-2508, Idaho Code, provided that alternative forms include the disclosure information as set forth in section 55-2506, Idaho Code, and the […]
Section 55-2507 – MANDATORY REQUIRED DISCLOSURE STATEMENTS.
55-2507. MANDATORY REQUIRED DISCLOSURE STATEMENTS. To comply with the provisions of this chapter, a form shall set forth a statement of purpose of the form, including statements substantially similar to the following: (1) The form constitutes a statement of the conditions of the property and of information concerning the property actually known by the transferor. […]
Section 55-2508 – DISCLOSURE FORM.
55-2508. DISCLOSURE FORM. The disclosures required by the provisions of this article pertaining to the property proposed to be transferred are set forth in and shall be made on a copy of the following disclosure form or an alternative form as provided in section 55-2506, Idaho Code: SELLER PROPERTY DISCLOSURE FORM SELLER’S NAME AND ADDRESS: […]