Buyer & Seller Guide

Disclosure Report

  • Published 2023-03-10
  • Est. reading time 8 Minutes
  • Author admin

What is a Disclosure Report?
Disclosure reports are designed to assist sellers (and their agents) in disclosing legally required information to a potential purchaser in a real estate transaction in an easy to understand, economical format. Buyers can rely on the information to make a more informed decision regarding the property being purchased.


It’s the Law!
California law requires sellers to disclose certain types of naturally occurring hazards to potential buyers. Assembly Bills 6x, 1195 and 248 created a mandatory form for these disclosures. This form is the Natural Hazard Disclosure Statement.


Required Disclosure Information
There are six types of “hazard zones.” The disclosure law requires all potential buyers to be told whether the property is in one or more of the following zones:

  • A Special Flood Hazard Zone as designated by the Federal Emergency Management Agency (FEMA).
  • A Dam Failure Inundation Zone
  • A Very High Fire Hazard Severity Zone
  • A Wildland Area That May Contain Substantial Forest Fire Risks
  • An Earthquake Fault Zone
  • A Seismic Hazard Zone


Where to Order a Disclosure Report
FNF’s own Disclosure Source is a premier provider for Natural Hazards, Special Taxes & Assessments and Environmental Hazard information to
safely comply with statutory requirements.

California Real Estate Law gives buyers three days to cancel a transaction whenever material information is disclosed to them. It is in your best interest, as the seller, to get all disclosures in the
hands of the potential buyer as soon as possible. We recommend ordering the Disclosure Report as soon as the property is listed. Buyers will then be able to review and accept the disclosures as part of their offer. Your agent can advise you on these issues.

For more information, please call 800.880.9123 or visit

Buyer & Seller Guide

Glossary of Terms

The following is a short glossary of commonly used terms during your escrow transaction. For a more complete glossary

Close Costs and Who Pays What

Closing costs are what the buyer and seller will pay as part of the escrow transaction. Some fees are negotiable between the seller and buyer

Real Property Tax Dates

The following schedule lists some of the more significant dates for California property taxes affecting property owners.


Contact Steve Park


“With 14+ years of experience working and living in the South Orange County area, I am well-equipped to assist you with all your real estate needs.”