How long does a buyer have to send written notice to the seller if hidden defects are found?

Prepare for the OACIQ Exam. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam with our comprehensive quiz!

When a buyer discovers hidden defects after the purchase of a property, they are allowed a specific timeframe to formally notify the seller of these issues. If the problems are categorized as seasonal, the buyer is entitled to extend the notification period to up to 3 years. This timeframe recognizes that some defects may only become apparent under particular conditions that only occur during certain seasons, thus providing buyers with adequate leeway to assess their property comprehensively.

Other timeframes mentioned, such as 3 months, 6 months, or 1 year, do not accommodate the potential for seasonal defects, which can be critical in real estate transactions, especially in climates where seasonal changes could reveal hidden issues that were not detectable at the time of purchase.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy