Public Chapter 510 RELATING TO SINKHOLE DISCLOSURES
This legislation takes effect July 1, 2024 and amends the definition of “sinkhole”, with the result that sellers are now required to disclose known sinkholes regardless of whether the sinkhole is indicated through the contour lines on the property’s plat map. You can read the Public Chapter 510 here.
As a result of this statutory change, the following forms have been amended:
RF201
RF203
RF204
RF205
The amended forms will have a publication date of 7/1/2024 and have been sent to all approved forms vendors with Tennessee REALTORS®: Transaction Desk, ZipForms, BrokerMint, Glide, Redfin, and Docusign. If you use these vendors, the forms will automatically appear in your library on July 1, 2024. If you are using a vendor with whom Tennessee REALTORS® does not have a licensing agreement, such as DotLoop, it will be your responsibility to make sure you upload the latest version of the form for use in all transactions after July 1, 2024.
