Real Estate Transfer Disclosure Statement
The real estate transfer disclosure statement, known as a TDS, requires full disclosure of the condition of the property as known to the Seller and/or observed by the agent(s). This disclosure has a built-in 3-day right of rescission if provided after the acceptance of an offer (or 5 days from the date mailed). When provided to the buyers prior to final acceptance of an offer, there is no such right of rescission. Other agreed contingencies are not affected.