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Disclosure of Sales Price Information

Within one month after the close of escrow for the transfer of title to real property or the sale of a business opportunity through a real estate broker, the broker must inform the buyer and seller in writing of the sales price. In the case of an exchange of real property or a business opportunity, the information must include a description of the property and the amount of added money consideration, if any. Should the transaction be closed through neutral escrow, a closing statement from the escrow holder will constitute compliance on the part of the broker.

(CAL. BUS. & PROF. § 10141)

©Pete Saxon Realty 2009
California DRE #00642780