New York S05642 amends the real property law to require a sworn affidavit in the real property transfer form stating that the seller was informed of.
New York S05642 amends the real property law by adding a new subparagraph to section 333. This amendment requires a sworn affidavit in the real property transfer form, subscribed to by the seller, stating that the seller was informed of the fair market value of the property by the buyer, which includes an estimate of the fair market value. This change aims to ensure transparency and informed consent in real property transactions.
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