In what situation is an Indiana Real Estate Sales Disclosure Form required?

The Indiana Real Estate Sales Disclosure Form is specifically required in certain transactions, particularly when a seller wishes to disclose details about the property being sold. The correct situation that necessitates this form is when a homeowner sells their primary residence. This requirement is in place to ensure that buyers are fully informed about potential issues or characteristics of the home before making a purchase.

The form serves as a tool for transparency, helping to protect both buyers and sellers during the transaction process. It includes information about the condition of the property, any known defects, and other critical details that may affect the buyer's decision. This is especially pertinent in residential sales where the emotional and financial stakes are high for individual buyers.

In contrast, when a relocation company transfers real estate to a buyer, other types of disclosures may apply, but the specific Sales Disclosure Form related to residential transactions is not required in the same way. Similarly, while issues regarding commercial property and known problems about the property are important, they do not invoke the mandatory use of the Indiana Real Estate Sales Disclosure Form as explicitly as the situation involving the sale of a primary residence does.