The Connecticut Association of REALTORS® wanted to bring to your attention House Bill 5087, passed by the legislature, which changes the Property Condition Disclosure form. A summary is provided below. Although the original bill was supported by CAR, the Association could not support the final version (HB 5087). Following a public hearing on the original bill, the General Law Committee tacked-on new disclosure requirements that went beyond a “Working Group’s” recommendations. In particular, the new requirement for home sellers to respond to a question pertaining to hazardous substances was not in the Work Group’s recommendations. CAR expressed concerns that the wording was ambiguous and would invariably lead to arguments. It struggled Read more [...]