Listing Disclosures Guide
Understanding Oklahoma's required property disclosures
What Are Property Disclosures?
Property disclosures are legally required documents where sellers inform buyers about the condition of the property and any known defects or issues. In Oklahoma, these disclosures protect both buyers and sellers by ensuring transparency in real estate transactions.
Legal Requirement
Oklahoma law requires sellers to disclose all known material defects and conditions that could affect the property's value or desirability. Failure to disclose can result in legal liability and financial penalties.
Oklahoma Disclosure Options
Oklahoma sellers must choose and complete the appropriate disclosure form based on their relationship to and knowledge of the property:
The comprehensive disclosure form covering all major systems, structures, and conditions of your property. Use this form if you have occupied the property or have knowledge of its condition.
The disclaimer form for sellers who have never occupied the property AND have no actual knowledge of defects. This is an alternative to Appendix A, not a supplement.
Federal law requires sellers of homes built before 1978 to disclose the presence of known lead-based paint and provide buyers with an EPA pamphlet about lead paint hazards.
Appendix A vs. Appendix B: What's the Difference?
Important: Choose One, Not Both
You will complete either Appendix A or Appendix B - never both. These are mutually exclusive disclosure options based on your relationship to and knowledge of the property.
| Aspect | Appendix A | Appendix B |
|---|---|---|
| Purpose | Full disclosure of property condition based on your knowledge | Limited disclosure stating you have no knowledge |
| Format | Detailed Yes/No/Unknown questions | Brief statement of non-occupancy and no knowledge |
| When Used | You have occupied OR have knowledge of property condition | Never occupied AND no actual knowledge of defects |
| Content | Structural, mechanical, environmental conditions | Statement that you cannot disclose what you don't know |
| Length | 2-3 pages, ~30 questions | 1 page statement |
| Typical Situations | Owner-occupied, rental property you managed, any known issues | Inherited property, foreclosure, vacant land, estate sale |
Best Practices for Completing Disclosures
- •Be honest and complete: Disclose everything you know, even if it seems minor
- •Answer "Unknown" when appropriate: It's better to say you don't know than to guess
- •Provide details: Use Appendix B to explain any "Yes" answers on Appendix A
- •Include repairs: Disclose past problems even if they've been fixed
- •Update as needed: If you discover new issues before closing, amend your disclosures
- •Keep documentation: Maintain records of repairs, inspections, and improvements
When to Consult a Professional
Consider consulting with a real estate attorney if:
- You're unsure whether to disclose something
- Your property has significant defects or past issues
- You've had insurance claims or legal disputes about the property
- The property has environmental concerns (mold, asbestos, etc.)
- You're concerned about potential liability
Need Help with Disclosures?
Our team can help guide you through the disclosure process to ensure compliance with Oklahoma law.
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