What is the exam-ready answer?
| Roadmap lesson | 96 of 500 |
|---|---|
| Official syllabus topic | Seller Property Disclosure |
| Official PSI area | Property Disclosures |
| Published area weight | 7% of the 100-question national portion |
| Exam portion | National salesperson portion |
| Source edition | PSI Georgia Candidate Information Bulletin dated July 1, 2026 |
| Last verified | August 2, 2026 |
The Rule
PSI publishes the weight for the complete content area, not a fixed question count for this lesson. Learn the rule well enough to apply it when PSI changes names, numbers, or parties in a new scenario.
Complete lesson
Read each concept as part of one decision system. The exam often gives one accurate statement and three statements that belong to a nearby concept.
Known condition disclosure
The seller answers based on actual knowledge and the form's questions. A seller should not guess, omit a known material condition, or describe a repair more broadly than the evidence supports.
Licensee responsibilities
A licensee must disclose material adverse facts required by law, avoid false statements, present the seller's information accurately, and recommend qualified inspection where appropriate.
Form limits
A disclosure statement is not an engineering report, title search, survey, environmental assessment, or guarantee that no hidden defect exists.
Special disclosure regimes
Lead-based paint, flood, association, environmental, and other subjects can have separate federal, state, local, contract, or lender requirements.
Decision rule
Georgia-specific distinction
Worked example
Scenario. A seller knows the basement floods after heavy rain but checks 'no water intrusion' on a voluntary disclosure form.
Reason it through. The form does not shield a knowingly false material representation.
Answer. The condition and false answer create serious disclosure and misrepresentation risk and must be corrected before buyer reliance.
Common exam traps
- Calling a disclosure a warranty
- Assuming no universal form means no duty
- Telling the seller to omit known defects
- Using disclosure instead of inspection
Original practice questions with detailed explanations
These questions were written for instruction and mapped to the current outline. They are not copied from PSI or any live examination. Choose an answer before opening the explanation.
Question 1Is a seller disclosure form a professional inspection?
- A. Yes
- B. No
- C. Only when notarized
- D. Only for new homes
Show answer and explanation →
Answer: B. No
The form reports knowledge and does not replace qualified inspections.
Question 2Which federal subject has a specific precontract disclosure regime for most pre-1978 housing?
- A. Lead-based paint
- B. Termites
- C. Zoning
- D. Property taxes
Show answer and explanation →
Answer: A. Lead-based paint
Federal lead law requires information, disclosures, and an opportunity for evaluation for covered housing.
Question 3Can a seller knowingly answer a material condition falsely because the form is voluntary?
- A. Yes
- B. No
- C. Only if sold as is
- D. Only if vacant
Show answer and explanation →
Answer: B. No
Voluntary use does not authorize fraud or material misrepresentation.
Mastery tracking
Mark this lesson mastered only when every statement is true.
- State the direct answer and decision rule without notes.
- Explain every core concept in plain English.
- Solve the worked example after changing one important fact.
- Identify the Georgia distinction before reading answer choices.
- Answer all three questions correctly and reject every distractor.
- Repeat the topic in mixed practice on a later day.
Recommended next lesson
Continue with Inspection and Survey Red Flags. Continue to roadmap lesson 97 and build on this decision rule.
Return to the Property Disclosures hub to see every official branch and the complete lesson sequence for this content area.