Florida Real Estate Exam Prep 32, Property Disclosures and Material Facts

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:

- Florida law requires sellers to disclose all known material facts that affect a residential property's value and are not readily observable by the buyer.

- Specific statutory disclosures are mandated for lead-based paint (in pre-1978 homes), radon gas, and Homeowners' Association rules, each with precise requirements.

- The property tax disclosure serves as a mandatory warning that a new owner's tax bill may be significantly different from the seller's.

- Sellers must disclose any active building code violations and inform buyers if the property is located within a Community Development District (CDD).

- Certain facts, such as a death having occurred on the property, are not considered material facts under Florida law and do not require disclosure.

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