Proper Use of Disclosure Forms
While a disclosure form is part of most real estate transactions, it is not a contract addendum. Since it is not a contract addendum, it should not be referenced in the “Agreement of the Parties” paragraph“ or otherwise made a part of the contract.
How to Tell a Contract Addendum from Other Forms
A contract addendum is an addition to the contract that is signed by the parties to the transaction. Other forms that are not contract addenda simply provide information, such as the Seller’s Disclosure of Property Condition, which addresses issues related to the property, or the Information About Brokerage Services (IABS) form, which provides information regarding agency law as well as license holder identification and contact information.