Important information for anyone buying or selling a home in New York State. Elite Realty Advisers provides the disclosures below as required by state law.
New York law requires most sellers of one- to four-family homes to complete and sign a Property Condition Disclosure Statement and deliver it to the buyer or the buyer’s agent before the buyer signs a binding contract of sale. A copy signed by both seller and buyer is attached to the contract.
What changed. Sellers can no longer give the buyer a $500 credit at closing instead of completing the form. This has been the rule since March 20, 2024. That law also added flood-related questions to the form, such as floodplain status, flood insurance, and flood damage history. A later amendment added a septic-system note under question 36, and the current version of the form has been required since July 1, 2025.
What the form is. It is the seller’s statement of conditions known to the seller. It is not a warranty and does not replace a home inspection. A knowingly false or incomplete statement can expose a seller to claims by the buyer before or after closing.
What it does not cover. The statement applies to residential property with one to four family dwellings. It does not apply to condominium units, cooperative apartments, or property in a homeowners’ association that the seller does not own in fee simple.
Exemptions. Questions about what must be disclosed to a buyer should be directed to your attorney. I am a real estate broker, not an attorney, and this is not legal advice.
Our role. When we list your home, we tell you about your obligation to complete the PCDS. When we represent a buyer, we tell the buyer of the right to receive it. We give sellers a copy of the form and recommend completing it with their attorney.
Download the current NYS Property Condition Disclosure Statement (PDF)
New York requires real estate licensees to give buyers and sellers the Disclosure Regarding Real Estate Agency Relationships. It explains whether an agent represents the buyer, the seller, or both. We may represent buyers, sellers, or both parties as a dual agent, and only with the informed consent of everyone involved.
Elite Realty Advisers supports the Federal Fair Housing Act and the fair housing laws of New York State and local governments. We do not discriminate against anyone on the basis of race, color, religion, sex, disability, familial status, national origin, or any other class protected under federal, state, or local law. New York licensees must provide the NYS Housing and Anti-Discrimination Disclosure Form. Read about fair housing protections and how to file a complaint at the NYS Department of State.
Download the NYS Housing and Anti-Discrimination Notice (PDF)
Download the NYS Housing and Anti-Discrimination Disclosure Form, DOS-2156 (PDF)
Questions? Call (631) 792-2174 or email Admin@EliteRealtyAdvisers.com.
This page is general information, not legal advice. Talk with a New York real estate attorney about your specific transaction.