Good afternoon my name is barry wood i'm the assessment division director for the dlgf i'm joined by emily chrysler who's our deputy general counsel and jenny banks who is our communications director this is a webinar on the sales disclosure form looking at an overview of the form and changes to the form just a couple ground rules housekeeping items before we get started first please keep your your computer your phone on mute if you have any comments or questions please use the chat button function and we will hopefully address those comments also if you have multiple people attending this webinar will be eligible for one hour of continuing education we will send out at the end of the presentation or later this week i'm sorry we will send out a follow-up survey along with the powerpoint presentation and the continuing education form for those that would want continuing education credit so if you have multiple people um attending participating in your office hopefully your social distancing and wearing your mask but also please have each person fill out a continuing education form for credit so without further ado we'll jump right in as you can see on our agenda we'll talk about the form sales disclosure reform background we'll also cover some basics about the sales disclosure form we'll talk about the sales disclosure form committee emily chrysler will be talking about the legislative services administration document rule and then we will find finally finish up with a current version of the form versus the 2024 version of the form so um to begin things off as far as the background how did we get here well back in 1993 the department of local government finance was tasked with prescribing the sales disclosure form for local...
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About Indiana Sales Disclosure Form
Indiana Sales Disclosure Form is a document required by the state of Indiana for real estate transactions. It is a disclosure form that needs to be completed by the seller of residential real estate and provides important information regarding the property being sold. The purpose of the Indiana Sales Disclosure Form is to ensure transparency and to inform potential buyers about various aspects of the property. This form includes details such as the physical condition of the property, present zoning classification, existence of any flood-prone areas, and any defects known to the seller. Furthermore, the form also requires the seller to disclose any material facts about the property that could affect the value or condition of the property. This includes information about any existing liens, easements, encumbrances, or any pending legal actions related to the property. The Indiana Sales Disclosure Form is important as it enables potential buyers to make informed decisions about purchasing the property. It helps buyers assess the risks and benefits associated with the property, and assists in reducing disputes or misunderstandings between the buyer and the seller. It is the responsibility of the seller, as stated by Indiana law, to complete the Sales Disclosure Form accurately and provide it to the buyer before the sale is finalized. The buyer should carefully review the form and seek legal advice if needed, to ensure a comprehensive understanding of the property's condition and any potential issues. Overall, the Indiana Sales Disclosure Form is a vital document that aids in ensuring transparency and protecting the rights and interests of both buyers and sellers in real estate transactions in Indiana.
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