Which trend has emerged regarding seller disclosures in Florida real estate transactions?

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Study for the University of Central Florida REE3433 Real Estate Law Exam. Engage with flashcards and multiple choice questions, with hints and explanations for each question. Prepare effectively for your test!

In Florida real estate transactions, sellers are indeed required to inform buyers of latent defects—issues with the property that are not visible or obvious upon inspection. This responsibility stems from the principle of good faith in real estate practices, which ensures transparency and fairness in the transaction process.

Latent defects may include structural issues, plumbing problems, or pest infestations that the seller is aware of but that a typical inspection might not reveal. Failing to disclose such defects can lead to legal consequences for the seller, including potential lawsuits after the sale has completed.

This trend highlights the importance of seller disclosures in protecting buyers and maintaining ethical standards in real estate transactions. Consequently, requiring sellers to disclose latent defects fosters a more transparent real estate market and helps buyers make informed decisions regarding their purchases.