After a seller completes the Seller's Disclosure of Property Conditions form, who retains the original document?

In real estate transactions in Kentucky, the seller is responsible for completing the Seller's Disclosure of Property Conditions form to inform potential buyers of any known issues with the property. Once this disclosure is completed, the original document is typically kept by the listing agent's broker. This practice serves multiple purposes, such as ensuring that the document is readily available in the event of disputes or audits and maintaining a formal record of disclosures related to the property.

The broker’s retention of the original document underscores their role in upholding ethical standards and compliance with state regulations. It also places the onus on the broker to ensure that the disclosure is properly managed and that any necessary follow-ups or disclosures are addressed as the transaction proceeds. Maintaining clear records is crucial in real estate to protect all parties involved and to comply with local and state laws.