The Buyer Inspection Advisory comes in two flavors: A Buyer Inspection Advisory from the seller to the buyer, and a Buyer Inspection Advisory from the broker to the buyer. The two documents are almost identical, the only difference is who provides and signs the advisory: a broker or a seller.
// This post is a part of our series: Your Guide to a San Francisco Disclosure Package. //
The Buyer Inspection Advisory is a *general property* disclosure. It contains language that does not vary from transaction to transaction and is not property specific.
Pictured below is the Buyer Inspection Advisory (BIA-A), which includes a line for the property address and is an advisory from the seller to the buyer. The document is a two-page document (at least, as of 2014) and outlines the importance of understanding the condition of the property, the buyer’s rights to investigate, and outlines a long list of potential types of inspections a buyer can obtain. It also reminds buyers of the broker’s and seller’s disclosure duties in a transaction.
Pictured below is the Buyer Inspection Advisory (BIA-B) that is almost identical to the BIA-A but the BIA-B comes from the broker instead of the seller. Other than that, the document is almost identical to the other advisory, and again, outlines the various types of inspections a buyer can obtain, the importance of understanding the condition of the property, and a reminder of the broker’s disclosure obligations and the seller’s disclosure obligations.
There is probably a reason for the existence of the two almost identical but slightly different forms, but since I’m not an attorney I can’t tell you what the reasoning is. Regardless, you can expect to see one of these forms, if not both of them, in a San Francisco disclosure package. If you’ve got a great agent, they’ve already reviewed this information with you and none of it should be new information.