Who typically prepares the Seller's Property Disclosure Statement (SPDS) or Property Condition Disclosure Statement (PCDS) in NS transactions?

• A. The buyer.
• B. The seller.
• C. The broker.
• D. The lender.

Answer: (B)

The seller is responsible for preparing the SPDS/PCDS because it is a disclosure of known property conditions from the party who has firsthand knowledge of the home. The seller, often with help from the seller’s broker, provides details about defects, past issues, and other material facts that could affect the buyer’s decision or the property's value. The broker’s role is to facilitate and ensure the form is completed accurately and delivered to the buyer as part of the Property Information Package; they do not replace the seller’s knowledge or obligation. The buyer and the lender do not prepare this disclosure.