Q: If a seller signs the disclosure exemption form, yet he is aware that there has been a major fire at the house, is he required to disclose it?
A: Please note that the Tennessee REALTORS® Legal & Ethics Hotline cannot (and nor should you) advise sellers as to what they are required to disclose. If the sellers have questions about whether they are required to disclose the fire, they should speak with their own attorney. Otherwise, you could be responsible for their actions.
However, for your personal information, if a person is exempt from having to make the disclosure, they are exempt.
The real estate agent may have other obligations to disclose as an adverse fact under the law, and to avoid concealment of facts pursuant to the REALTOR® Code of Ethics.