房地产买卖信息披露义务依法影响房地产的合意性和价值。在房地产交易中，按照普通法规定存在披露义务。每一个重要的事实都必须在买方面前披露，并得到卖方的承认，这可能会影响待售房地产的可取性或价值。通常，房地产合同在说服本规约和其他披露时要求披露。众所周知，许多法规规定了这类销售的其他披露义务。转让披露声明是作为善意披露的一种形式，在进行交易时对诚实有明确的定义。然而，值得注意的是，其主要意图并不是限制或取消法律规定的披露义务。这些可能是为了在转让交易中避免欺骗或欺诈而存在的。这一点在《夏皮罗诉萨瑟兰案》(Shapiro v. Sutherland, 1999)中显而易见。
Duty of disclosure for selling real estate impacts the desirability or value of real estate as per law. In transactions of real estate, there is imposition of duties of disclosure as per common law. Each and every materialistic fact must be disclosed in front of the purchaser that is acknowledged by vendor and may impact the desirability or value of the real estate for sale. Usually, the contracts of real estate hold the requirement of disclosures in persuading this statute along with other disclosures. A number of statutes are known for imposing other obligations of disclosure for these types of sales. Transfer Disclosure Statement is a form of disclosure made as a good faith, with the expressive definition of honesty in conducting the transaction. However, it is worth noting that the key intention is not about limiting or abridging the obligations to be disclosed under law. These might exist for the avoidance of deceit or fraud in the transaction of transfer. This was evident in the Shapiro v. Sutherland (1999).
When there is sale of property, it becomes significant for seeing a solicitor in the preparation of contract for complying with the disclosure of vendor. Any land should not be having key subjectivity with any adverse affectation. This adverse affectation is in the following cases (Geltner et al., 2003):
Listing anything in third part of Schedule 3 to the applicability of Conveyance Regulation 2000 in context with the land
A local or public authority will be having a proposal in context of land if the authority has ended up issuing a written statement with inconsistency of substance with no proposal in context with land
Without the limitation of way in which there is a disclosure of the same, there is consideration of an adverse affectation in disclosing a contract. This requires an attachment of some documents with document to illustrate or state the impact of adverse affectation, and issue of document by a local or public authority to the reference of specific proposals. There can be attachment of a copy of the declaration, notice, order or additional instruments that give rise to the scope of adverse affectation.