How does timely disclosure affect seller liability and buyer risk?

How does timely disclosure affect seller liability and buyer risk?

• A. Timely disclosure has no impact on liability.
• B. Timely disclosure reduces risk of misrepresentation claims and helps buyers make informed decisions; failure can lead to liability for damages.
• C. Timely disclosure always guarantees a successful sale.
• D. Timely disclosure is required only for new construction properties.

Answer: (B)