In the United States, a seller disclosure statement is a form disclosing the seller's knowledge of the condition of the property. The seller disclosure notice or statement is anecdotal and does not serve as a substitute for any inspections or warranties the purchaser may wish to obtain. It also does not serve as a warranty of any kind.[1] Deliberate misrepresentation in the statement can result in liability.[2] Seller disclosure statements are not compulsory in New Mexico.[3]
^David F. Hinkel. "Caveat Emptor and the Seller Disclosure Form" in Practical Real Estate Law. Seventh Edition. Cengage Learning. 2015. ISBN9781285448633. Page 166.
^New Mexico Real Estate Basics. Dearborn Real Estate Education. 2003. ISBN9780793160570. Section 4.B.1 at page 42.
