Here’s a full list of questions real estate agents may ask their broker about the “Square Footage and Lot Size Advisory and Disclosure” (ZipForms) with explanations.

Square Footage and Lot Size Advisory and Disclosure (ZipForms)

1. What is the purpose of the Square Footage and Lot Size Advisory?
   The purpose is to inform buyers and sellers that any square footage or lot size figures provided are approximateand should not be relied upon as exact. It advises buyers to verify measurements independently.
2. Is the square footage stated in MLS or tax records guaranteed to be accurate?
   No. MLS, assessor, and appraisal records often contain discrepancies. The disclosure makes it clear that these figures are estimates only.
3. Who is responsible for verifying the actual square footage or lot size?
   The buyer is responsible for conducting independent verification through a qualified professional, such as an appraiser, architect, or surveyor.
4. What happens if the square footage or lot size is different than stated in MLS?
   The disclosure protects brokers by warning buyers in advance that differences may exist and that the buyer cannot rely solely on MLS or marketing materials.
5. Can the seller be held liable for misrepresenting square footage?
   Yes, if the seller knowingly provides false or misleading information. However, if the seller discloses the source and cautions the buyer to verify, liability is reduced.
6. Does this advisory replace the need for an appraisal or survey?
   No. The disclosure emphasizes that professional verification, like an appraisal or survey, is still necessary for accuracy and assurance.
7. If a buyer later discovers the square footage is smaller, can they sue the broker?
   The advisory is designed to limit broker liability by clearly stating that the broker has not verified measurements and that the buyer must do their own due diligence.
8. Does the disclosure apply to both residential and commercial properties?
   Yes, it applies to all types of real estate transactions where square footage or lot size may be a material factor.
9. What sources typically provide square footage and lot size data?
   Common sources include public records, MLS, appraisals, builder records, and seller representations. Each can have variations, which is why independent verification is encouraged.
10. If the buyer waives verification, does the broker still need to provide this disclosure?
    Yes. Providing the disclosure ensures that the broker has informed the buyer in writing, even if the buyer chooses not to verify.
11. Is this disclosure required in every transaction?
    While not legally mandated in all cases, it is considered a best practice and is strongly recommended to avoid future disputes.
12. Does this form protect both the buyer’s and seller’s agents?
    Yes. It limits liability by showing that the agent did not make representations about exact measurements and advised verification.
13. Can discrepancies in square footage affect financing?
    Yes. Lenders and appraisers may flag issues if the actual square footage significantly differs from recorded or MLS figures.
14. Where is this form located in ZipForms?
    It can be found in the Disclosure library under buyer and seller advisories, labeled “Square Footage and Lot Size Advisory and Disclosure.”

✅ This list contains 14 numbered questions with explanations, covering liability, verification responsibilities, buyer and seller obligations, broker protections, and compliance with ZipForms best practices.