Washington State Real Estate Practice Exam 2025 - Free Real Estate Practice Questions and Study Guide

The function of a property disclosure form is to outline known property defects and issues that could affect value. This form serves as a crucial tool in real estate transactions, as it provides potential buyers with critical information regarding the condition of the property before completing the sale. Sellers are typically required to disclose any material defects or issues that can impact the property's safety, functionality, or marketability, such as structural problems, pest infestations, or water damage. This transparency helps buyers make informed decisions and can also protect sellers from legal disputes in the future, as they have openly communicated any known issues.

The other choices do not align with the primary purpose of the property disclosure form. Initiating an offer to purchase pertains to the negotiation phase of a real estate transaction, while providing financing options and confirming title ownership relate to separate aspects of the buying process. Thus, the focus of the property disclosure form remains squarely on the condition of the property itself and any factors that might influence its value.