Maryland CE Shop Practice Exam

Access More Questions

When should a prospective buyer receive a copy of the Maryland Residential Property Disclosure and Disclaimer Statement?

Before or at the time the buyer executes a purchase agreement Just prior to the home inspection if the buyer has elected to have an inspection done No later than five days after the buyer and seller have signed the contract of sale No later than two weeks before closing

Correct Answer:

Before or at the time the buyer executes a purchase agreement

Explanation:

The timing of the disclosure is about when the seller must provide important information about the property. In Maryland, the seller is required to give the buyer the Residential Property Disclosure and Disclaimer Statement before or at the moment the purchase agreement is signed. This ensures the buyer has knowledge of known defects or issues before becoming bound by the contract, which supports informed decision-making and negotiation (such as requesting repairs or credits) upfront. Delivering the statement later—whether just before an inspection, after signing the contract, or close to closing—undermines that informed decision-making and bargaining power.

Access more questions from this quiz

Continue to Maryland CE Shop Practice Exam for more practice questions and the full quiz experience.

Access More Questions