A real estate disclosure is information the seller shares with the buyer on the condition of a home. In many markets, such as California, there are extensive disclosure laws. These elaborate hazard status and other related information that must be shared.
In some markets, sharing real estate disclosures can be a very time consuming process. Failing to disclose information can expose the seller and their agent to legal risk. In some cases, a seller or their agent may also need to request information from a third party. This can occur when there are questions on flood zones, designated wildland areas, or similar subjects.
Disclosures software helps agents distribute disclosure documents and collect required signatures. This process was historically very cumbersome. These tools aim to create attractive and online information packets that can be e-signed. Some tools even allow for the purchase of hazards and risks from data providers in their platform.
Disclosures.io and Glide are two popular disclosure software platforms. Both tools guide agents and their clients through necessary disclosure processes. They also collect signatures electronically. They also have more attractive presentations than traditional disclosure packets.