The proposed bill amends South Dakota's property condition disclosure statement by adding questions specifically related to historical property. This addition aims to ensure that sellers provide potential buyers with relevant information regarding the historical aspects of the property, which may influence the buyer's decision. The bill emphasizes the importance of transparency in real estate transactions and reinforces the seller's obligation to disclose any material changes in property conditions prior to closing.

The amended disclosure statement will still require sellers to certify the accuracy of the information provided and encourage buyers to seek professional advice and inspections. The bill maintains the existing structure of the disclosure form while enhancing it with new inquiries about historical property, thereby promoting informed decision-making for buyers in the real estate market.

Statutes affected:
Introduced, 01/30/2025: 43-4-44
Senate Commerce and Energy Engrossed, 02/06/2025: 43-4-44
Enrolled, 03/05/2025: 43-4-44