As previously reported in the Bulletin [see Volume 28, Numbers 3 and 4], the Residential Property Disclosure Act was amended in 1997 to direct the Commission to develop a new form for residential property condition disclosure. Through a formal rule-making process, the Commission has developed the new Residential Property Disclosure Statement form which is reprinted in this Bulletin.

According to the amended Act, the new Statement form is to be used in transactions which go under contract on or after October 1, 1998. However, in order to comply with the Act before the effective date of the amendment, the existing Residential Property Disclosure Statement form must be used in transactions which go under contract prior to that date.

Also, an amendment to Rule A.0104 resulted in a change on the second page of the "Disclosure to Buyer from Seller's Agent or Subagent" form, under the "Dual Agents" section. The amended form is reprinted in its entirety on pages 13 and 14.