Bill > H1283

This bill requires the Massachusetts Attorney General's office to create a standardized real estate disclosure form that provides comprehensive information about properties being sold. The form will mandate that real estate brokers, salespersons, and sellers disclose all relevant and material details about a property, covering six key areas: (1) structural components like the roof and foundation, (2) appliances, (3) mechanical systems including electrical, water, sewer, and heating, (4) natural hazards such as potential for earthquakes, flooding, and hurricanes, (5) environmental hazards like lead, asbestos, mold, radon, or previous use as a methamphetamine laboratory, and (6) zoning information. By establishing this standardized form, the bill aims to enhance transparency in real estate transactions and ensure potential buyers are fully informed about the condition and potential risks associated with a property before making a purchase.

Budget and Finance, Business and Industry

https://malegislature.gov/Bills/194/H1283