What disclosure is typically required in Colorado residential property transactions to inform buyers about property condition?

• A. Property Condition Disclosure Statement
• B. Seller's Property Disclosure Form
• C. Lead-Based Paint Disclosure Statement
• D. Property Transfer Disclosure Statement

Answer: (D)

In Colorado residential real estate, the seller must reveal known defects and conditions using a single, statewide form—the Property Transfer Disclosure Statement. This document is the standard tool for communicating what the seller knows about the property’s condition, covering things like major systems, structural issues, environmental concerns, and other defects that could affect value or use. The goal is to give buyers a clear, formal record of known issues before they proceed, helping prevent disputes after the sale and providing a baseline for evaluating risk.

There are other disclosures that come up in specific situations. For example, lead-based paint disclosure is required for properties built before 1978, but that requirement addresses a particular hazard rather than the broad range of condition disclosures covered by the Property Transfer Disclosure Statement. Other forms you might hear about (like general Property Condition Disclosure Statements) aren’t the standardized Colorado transfer-disclosure form used in typical residential transactions. The designated Colorado form for conveying known property issues in a transfer is the Property Transfer Disclosure Statement.