CE: Webinar – HOT Topic – Property Condition Disclosure
This course is worth 1 hour of REQUIRED HOT Topic CE!!
The Oklahoma Residential Property Condition Disclosure Act
The Act is a modification of the doctrine of caveat emptor. It modifies the common law rights, duties and
liabilities of the parties and the nature of their potential recoveries. Traditionally, the doctrine of caveat emptor
has been applied by Oklahoma courts, to impose the burden of property inspection and the risk of defects on
the purchaser, when certain circumstances were met.
- List duties of a real estate licensee under the OK Residential Property Condition disclosure ACT (RPCD)
- Identify nine transaction exemptions under the Act.
- Explain the definition of ‘defect’ as used in the RPCD.