Disclosures

FAIR HOUSING DISCLOSURE NOTICE

LET IT BE KNOWN TO ALL PERSONS of the REDSTONE FAMILY REALTY, LLC that discrimination in the sale, lease, advertisement or financing of housing, or in the provision of real estate brokerage services, because of race, color, religion, national origin, sex, handicap or familial status, is prohibited by Title VIII of the Civil Rights Act of 1968 (Federal Fair Housing Law) and the Fair Housing Amendments Act of 1988. Furthermore, it is the policy of the REDSTONE FAMILY REALTY, LLC to implement programs to ensure equal opportunity in housing for all persons regardless of race, color, religion, national origin, sex, handicap or familial status.

BE IT RESOLVED that within the available resources of the REDSTONE FAMILY REALTY, LLC, all persons who feel that they have been discriminated against in any housing or real estate purchase, conveyance or transaction because of race, color, religion, national origin, sex, handicap or familial status, will be assisted to seek equity under federal and state laws by filing a complaint with the Atlanta Office of Regional Fair Housing and Equal Opportunity or the U.S. Department of Housing and Urban Development.

BE IT FURTHER RESOLVED that the REDSTONE FAMILY REALTY, LLC shall publicize this Disclosure and through this publicity and/or publication the REDSTONE FAMILY REALTY, LLC shall cause owners of real estate, builders, developers, and mortgage lenders to become aware of their respective responsibilities and rights under Federal Fair Housing legislation, and all other applicable state or local laws or ordinances.

SAID PROGRAM SHALL AT A MINIMUM include, but shall not be limited to: (1) the publicizing of this policy and other applicable fair housing information through posting, media, communtiy’s website, as well as distribution REDSTONE FAMILY REALTY, LLC’s organizations, and businesses engaged in the sale, lease, financing, or development of housing; and (2) the distribution of posters, flyers, and any other means which will bring to the attention of those affected the knowledge of their respective responsibilities and rights concerning equal opportunity in housing.

Real Estate Agency Disclosure for Northern Alabama and Tennessee Valley

Alabama law requires you, the consumer, to be informed about the types of services which real estate licensees may perform. The purpose of this disclosure is to give you a summary of these services.

A Realtor can act as :

A Single Agent is a licensee who represents only one party in a sale. That is, a single agent represents his or her client. The client may be either the seller or the buyer. A single agent must be completely loyal and faithful to the client.
A Sub-agent is another agent/licensee who also represents only one party in a sale. A sub-agent helps represent the same client. The client may be the buyer or the seller. A sub-agent must also be completely loyal and faithful to the client.
A Limited Consentual Dual Agent is a licensee for both the buyer and the seller. This may be done only with the written, informed consent of all parties. This type of agent must also be completely loyal and faithful to the client, except where the duties owed to the clients conflict with each other.
A Transaction Broker assists one or more parties who are customers, in a sale. A transaction broker is not an agent and does not perform the same services as an agent.

Alabama law imposes the following obligations on all real estate licensees to all parties, no matter their relationship:

To provide services honestly and in good faith;
To exercise reasonable care and skill;
To keep confidential any information gained in confidence, unless disclosure is required by law or duty to a client or the information becomes public knowledge or disclosure is authorized in writing;
Present all offers promptly to the seller;
Answer your questions completely and accurately.

Further, even if you are working with a licensee who is not your agent, there are many things the licensee may do to assist you. Some examples are:

Provide information about properties;
Show properties;
Assist in making a written offer;
Provide information on financing.

You should choose which type of service you want from a licensee, and sign a brokerage service agreement. If you do not sign an agreement, by law the licensee working with you is a transaction broker. The licensee’s broker is required by law to have on file an office policy describing the company’s brokerage services. You should feel free to ask any questions you have. The Alabama Real Estate Commission requires the real estate licensee to sign, date and provide you a copy of this form. Your signature is not required by law or rule, but would be appreciated.

Potential Lead Hazards Disclosure

Home Buyers rights

Federal law requires that before being obligated under a contract to buy housing built prior to 1978, buyers must receive the following from the homeseller:

An EPA-approved information pamphlet on identifying and controlling lead-based paint hazards titled Protect Your Family From Lead In Your Home (PDF).
Any known information concerning the presence of lead-based paint or lead-based paint hazards in the home or building.
- For multi-unit buildings, this requirement includes records and reports concerning common areas and other units when such information was obtained as a result of a building-wide evaluation.
An attachment to the contract, or language inserted in the contract, that includes a “Lead Warning Statement” and confirms that the seller has complied with all notification requirements.
- Sample Seller’s Disclosure of Information (PDF)
A 10-day period to conduct a paint inspection or risk assessment for lead-based paint or lead-based paint hazards. Parties may mutually agree, in writing, to lengthen or shorten the time period for inspection. Homebuyers may waive this inspection opportunity. If you have a concern about possible lead-based paint, then get a lead inspection from a certified inspector before buying.

Renters

Federal law requires that before signing a lease for housing built before 1978, renters must receive the following from your landlord:

An EPA-approved information pamphlet on identifying and controlling lead-based paint hazards, Protect Your Family From Lead In Your Home (PDF).
Any known information concerning the presence of lead-based paint or lead-based paint hazards in the home or building.
- For multi-unit buildings, this requirement includes records and reports concerning common areas and other units when such information was obtained as a result of a building-wide evaluation.
An attachment to the contract, or language inserted in the contract, that includes a “Lead Warning Statement” and confirms that the landlord has complied with all notification requirements.

If you have a concern, then ask your landlord to get a lead hazard inspection from a certified inspector before signing your lease.

Lessors and Sellers

As owners, landlords, agents, and managers of rental property, you play an important role in protecting the health of your tenants and their children. Buildings built before 1978 are much more likely to have lead-based paint. Federal law requires you to provide certain important information about lead paint before a prospective renter is obligating under lease to rent from you.

Landlords must give prospective tenants of buildings built before 1978:

An EPA-approved information pamphlet on identifying and controlling lead-based paint hazards, Protect Your Family From Lead In Your Home (PDF).
Any known information concerning lead-based paint or lead-based paint hazards pertaining to the building.
- For multi-unit buildings this requirement includes records and reports concerning common areas and other units when such information was obtained as a result of a building-wide evaluation.
A lead disclosure attachment to the lease, or language inserted in the lease, that includes a “Lead Warning Statement” and confirms that you have complied with all notification requirements.
- Sample Lessor’s Disclosure of Information in English (PDF) and in Spanish (PDF) .

Real Estate Agents and Home Sellers

As real estate agents and home sellers, you play an important role in protecting the health of families purchasing and moving into your home. Buildings built before 1978 are much more likely to have lead-based paint. Federal law requires you to provide certain important information about lead paint before a prospective buyer is obligated under a contract to purchase your home.

Real estate agents must:

Inform the seller of his or her obligations under the Real Estate Notification and Disclosure Rule. In addition, the agent is responsible if the seller or lessor fails to comply; unless the failure involves specific lead-based paint or lead-based paint hazard information that the seller or lessor did not disclose to the agent. Read the regulations that includes these requirements.
Provide, as part of the contract process, an EPA-approved information pamphlet on identifying and controlling lead-based paint hazards titled Protect Your Family From Lead In Your Home (PDF). Attach to contract, or insert language in the contract, a “Lead Warning Statement” and confirmation that you have complied with all notification requirements.
- Sample Seller’s Disclosure of Information English (PDF) and in Spanish (PDF)
Provide a 10-day period to conduct a paint inspection or risk assessment for lead-based paint or lead-based paint hazards. Parties may mutually agree, in writing, to lengthen or shorten the time period for inspection. Homebuyers may waive this inspection opportunity.