What is the primary responsibility of a transferor in a manufactured housing transaction?

In a manufactured housing transaction, the primary responsibility of the transferor centers around ensuring compliance with disclosure regulations. This involves the transferor providing potential buyers with all necessary information that is legally required regarding the state of the property, its title, and any other pertinent facts that could affect the buyer's decision. Such regulations exist to protect consumers by ensuring they are fully informed about the property they are considering purchasing.

Ensuring compliance with disclosure regulations is crucial because failure to provide accurate or complete information could lead to legal complications, disputes post-transaction, or financial repercussions for both parties involved. This responsibility is fundamental in maintaining transparency and integrity in real estate dealings.

While advertising the property, delivering it to the transferee, and calculating the sale price are important aspects of a transaction, these tasks do not encompass the primary legal obligation to disclose relevant information about the property, which is a cornerstone in protecting consumer rights in real estate transactions.