Agency
Transfer Disclosure Statement (TDS)
A concise definition for the California Real Estate Exam study guide.
Definition
A statutory disclosure form required in most California residential property sales. The seller must complete it; both agents must conduct a visual inspection and disclose findings.
Why it matters on the California real estate exam
Know the definition, recognize how the term appears in a fact pattern, and compare it with related concepts before choosing an answer.
In-depth guide
Study California Transfer Disclosure Statement (TDS) in depth
Master TDS coverage, exemptions, delivery timing, cancellation rights, and agent inspection duties.
Read the full exam guide →Study this topic in context
Read the related chapter for the surrounding concepts, examples, and exam tips.
Chapter 2: Agency, Fiduciary Duties & Disclosure →