Christine Kim Disclosures

Full Disclosure: Seller Disclosures

+Meet Christine Dos and Dos!

Standards of Disclosure: Owner vs. Trustee

Owner Occupant has highest disclosure duty > actual knowledge + issues they reasonably should know about because they live there.

Two main disclosure documents CA home sellers provide: Real Estate Transfer Disclosure Statement and Seller Property Questionnaire

Trustee Seller

Trustee Seller > actual knowledge only. no duty to disclose what they don’t know. BUT

Trustee sellers can still be liable if:

1. Fail to disclose items known to trust — e.g., prior water damage, insurance claims, unpermitted work

2. Make afﬁrmative misrepresentations—saying “no” instead of unknown, providing information beyond actual knowledge

This also could expose the beneﬁciary of the trust (aka homeowner) to potential liability.

e.g., Trustee Seller who did not live in property should NOT ﬁll out the Seller Property Questionnaire because could create liability for afﬁrmative misrepresentation on the many “yes, no” questions.

What should trustee sellers do to disclose “actual knowledge” like water damage, past insurance claims, known unpermitted work?

Best

practice for trustee sellers (e.g., blind trust trustees) who never lived in the property—>

Exempt Seller Disclosure + Explanatory Addendum

Best Practice:

USING SPQ AS A GUIDE, draft and attach an addendum to the Exempt Seller Disclosure

Meet Christine…

Family of musicians (husband, daughter, son)

Stanford (B.A. Music & Int’l Relations) and Cornell Law School graduate

Broker Associate with The Agency

Lifelong Musician (piano, guitar, chamber musician, singer)

Attorney, licensed in CA and NY

22 years experience (8 as attorney, 14 as realtor)

I work with a team of top people across all areas needed to close the deal — when you work with me, you get me and my team

I THINK 3 STEPS AHEAD

My specialty is getting the property really READY for the market, it’s your biggest asset, and I treat it that way, I bring out its best qualities and make sure that you are protected by knowing what you’re selling so you can properly present it to buyers, preventing unknowns from arising during escrow and preventing problems for you after close.