What is the consequence of not providing a seller's disclosure notice?

The requirement for a seller's disclosure notice is crucial in real estate transactions as it ensures that buyers are fully informed about the condition of the property. If a seller fails to provide this notice, it can lead to significant repercussions for them.

Buyers may seek legal recourse against the seller because the absence of a seller's disclosure notice can be seen as a lack of transparency. Buyers rely on this notice to uncover potential issues with the property, such as defects or past problems. When this information is withheld, it can be grounds for a legal claim, including fraud or misrepresentation, especially if the buyer later discovers a major deficiency that the seller knew about but failed to disclose.

The other options do not accurately reflect the implications of not providing a seller's disclosure. The transaction itself may face complications, but it does not simply proceed without any issues. There is no automatic fine imposed on the seller for failing to deliver the notice unless specified by state laws, and real estate agents typically do not have the authority to void contracts outright based on this oversight alone. Therefore, the consequence is primarily legal in nature, as buyers may pursue remedies against the seller for nondisclosure.