What is meant by the term "disclosable" in real estate?

The term "disclosable" in real estate refers to information that should be shared under certain circumstances, specifically when it is requested. The context implies that while certain types of information are important in a real estate transaction, not all of it is automatically provided upfront. Rather, disclosable information must be disclosed if it is specifically asked for by a party involved in the transaction, such as a buyer or their agent.

In real estate practice, certain details may be sensitive or confidential and are not openly shared unless prompted. This makes it crucial for buyers and their representatives to ask informed questions to uncover necessary information about properties they are interested in. Understanding what is disclosable versus what is kept confidential helps all parties navigate the transaction more effectively.

For example, while agents may have knowledge about the property's history, such as prior offers, they might not disclose this unless asked. Hence, the distinction between "disclosable" and "confidential" information is important for ensuring transparency while respecting privacy rights in real estate dealings.