Maine Real Estate License Practice Exam

Which of the following must be disclosed on the property disclosure form?

1. How many gallons of oil are consumed by the furnace

2. Location of the abutter's well

3. Age of the windows

4. Location of the area sledding area

The correct answer is: How many gallons of oil are consumed by the furnace

The property disclosure form serves to provide potential buyers with important information about the condition and history of a property. One element that must typically be disclosed is related to the property’s systems and their efficiency, which includes details about the oil consumption of the furnace. This is relevant because it gives buyers insights into the property’s operational costs and energy efficiency considerations. In contrast, the location of the abutter's well, the age of the windows, and the existence of a sledding area, while they may be pertinent pieces of information, do not usually fall within the standard requirements for disclosure forms. The focus of required disclosures is primarily on the property's internal systems and major issues that could affect its value or usability. Therefore, the correct assertion regarding what must be disclosed is indeed the consumption of oil by the furnace.