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<title>INFORMATION REALTORS&reg; MUST DISCLOSE TO PROPERTY OWNERS ABOUT THE
TENNESSEE PROPERTY CONDITION DISCLOSURE LAW</title>
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<div class=3DSection1>

<p class=3DMsoNormal><o:p>&nbsp;</o:p></p>

<p class=3DMsoNormal><o:p>&nbsp;</o:p></p>

<p class=3DMsoNormal><o:p>&nbsp;</o:p></p>

<p class=3DMsoNormal><o:p>&nbsp;</o:p></p>

<p class=3DMsoNormal><o:p>&nbsp;</o:p></p>

<p class=3DMsoNormal align=3Dcenter style=3D'margin-right:-19.2pt;text-alig=
n:center'><b
style=3D'mso-bidi-font-weight:normal'><span style=3D'font-size:14.0pt'>INFO=
RMATION
REALTORS. MUST DISCLOSE TO PURCHASERS ABOUT<o:p></o:p></span></b></p>

<p class=3DMsoNormal align=3Dcenter style=3D'margin-right:-19.2pt;text-alig=
n:center'><b
style=3D'mso-bidi-font-weight:normal'><span style=3D'font-size:14.0pt'>THE =
<st1:State
w:st=3D"on"><st1:place w:st=3D"on">TENNESSEE</st1:place></st1:State> PROPER=
TY
CONDITION DISCLOSURE LAW<o:p></o:p></span></b></p>

<p class=3DMsoNormal style=3D'margin-right:-19.2pt'><b style=3D'mso-bidi-fo=
nt-weight:
normal'><span style=3D'font-size:14.0pt'><o:p>&nbsp;</o:p></span></b></p>

<p class=3DMsoNormal style=3D'margin-right:-19.2pt'><b style=3D'mso-bidi-fo=
nt-weight:
normal'><span style=3D'font-size:14.0pt'>A REALTOR. is required by Law to i=
nform
a prospective Purchaser of his rights and obligations under the Property
Condition Disclosure Law.<o:p></o:p></span></b></p>

<p class=3DMsoNormal><o:p>&nbsp;</o:p></p>

<p class=3DMsoNormal><b style=3D'mso-bidi-font-weight:normal'>A Purchaser h=
as the
right:<o:p></o:p></b></p>

<p class=3DMsoNormal><o:p>&nbsp;</o:p></p>

<p class=3DMsoNormal style=3D'margin-left:24.0pt;text-indent:-.25in;mso-lis=
t:l0 level1 lfo2;
tab-stops:list 24.0pt'><![if !supportLists]><span style=3D'font-family:Wing=
dings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings'><span
style=3D'mso-list:Ignore'>&uuml;<span style=3D'font:7.0pt "Times New Roman"=
'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span></span></span><![endif]>to receive a Property Condition Disclosure f=
rom
a property owner, unless the property is<span style=3D'mso-spacerun:yes'>&n=
bsp;
</span></p>

<p class=3DMsoNormal style=3D'margin-left:6.0pt'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp; </span><span class=3DGr=
amE>exempt</span>.<span
style=3D'mso-spacerun:yes'>&nbsp; </span></p>

<p class=3DMsoNormal><o:p>&nbsp;</o:p></p>

<p class=3DMsoNormal style=3D'margin-left:24.0pt;text-indent:-.25in;mso-lis=
t:l0 level1 lfo2;
tab-stops:list 24.0pt'><![if !supportLists]><span style=3D'font-family:Wing=
dings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings'><span
style=3D'mso-list:Ignore'>&uuml;<span style=3D'font:7.0pt "Times New Roman"=
'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span></span></span><![endif]><span class=3DGramE>to</span> accept or
reject<span style=3D'mso-spacerun:yes'>&nbsp; </span>the property
&quot;as-is&quot; with a &#8220;disclaimer&#8221; from the property owner p=
rior
to acceptance of a contract. </p>

<p class=3DMsoNormal><o:p>&nbsp;</o:p></p>

<p class=3DMsoNormal style=3D'margin-left:24.0pt;text-indent:-.25in;mso-lis=
t:l0 level1 lfo2;
tab-stops:list 24.0pt'><![if !supportLists]><span style=3D'font-family:Wing=
dings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings'><span
style=3D'mso-list:Ignore'>&uuml;<span style=3D'font:7.0pt "Times New Roman"=
'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span></span></span><![endif]><span class=3DGramE>to</span> have a<span
style=3D'mso-spacerun:yes'>&nbsp; </span>Property Condition Disclosure fill=
ed out
by the property owner in good faith.</p>

<p class=3DMsoNormal><o:p>&nbsp;</o:p></p>

<p class=3DMsoNormal style=3D'margin-left:24.0pt;text-indent:-.25in;mso-lis=
t:l0 level1 lfo2;
tab-stops:list 24.0pt'><![if !supportLists]><span style=3D'font-family:Wing=
dings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings'><span
style=3D'mso-list:Ignore'>&uuml;<span style=3D'font:7.0pt "Times New Roman"=
'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span></span></span><![endif]>to be informed<span
style=3D'mso-spacerun:yes'>&nbsp; </span>that the representations in the Pr=
operty
Condition Disclosure are those of<span style=3D'mso-spacerun:yes'>&nbsp; </=
span></p>

<p class=3DMsoNormal style=3D'margin-left:6.0pt'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp; </span><span class=3DGr=
amE>property</span>
owner and not the agent.</p>

<p class=3DMsoNormal><o:p>&nbsp;</o:p></p>

<p class=3DMsoNormal style=3D'margin-left:24.0pt;text-indent:-.25in;mso-lis=
t:l0 level1 lfo2;
tab-stops:list 24.0pt'><![if !supportLists]><span style=3D'font-family:Wing=
dings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings'><span
style=3D'mso-list:Ignore'>&uuml;<span style=3D'font:7.0pt "Times New Roman"=
'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span></span></span><![endif]>to be informed of the right to obtain
professional advice or inspection of the </p>

<p class=3DMsoNormal style=3D'margin-left:24.0pt'><span class=3DGramE>prope=
rty</span>.
</p>

<p class=3DMsoNormal style=3D'text-indent:3.0pt'><o:p>&nbsp;</o:p></p>

<p class=3DMsoNormal style=3D'margin-left:24.0pt;text-indent:-.25in;mso-lis=
t:l0 level1 lfo2;
tab-stops:list 24.0pt'><![if !supportLists]><span style=3D'font-family:Wing=
dings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings'><span
style=3D'mso-list:Ignore'>&uuml;<span style=3D'font:7.0pt "Times New Roman"=
'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span></span></span><![endif]><span class=3DGramE>to</span> independently
inspect the property by contract. </p>

<p class=3DMsoNormal><o:p>&nbsp;</o:p></p>

<p class=3DMsoNormal style=3D'margin-left:24.0pt;text-indent:-.25in;mso-lis=
t:l0 level1 lfo2;
tab-stops:list 24.0pt'><![if !supportLists]><span style=3D'font-family:Wing=
dings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings'><span
style=3D'mso-list:Ignore'>&uuml;<span style=3D'font:7.0pt "Times New Roman"=
'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span></span></span><![endif]><span class=3DGramE>to</span> expect all
REALTORS&reg; involved in the transaction to disclose &#8220;adverse
facts&#8221; of which they have actual notice or knowledge. </p>

<p class=3DMsoNormal><o:p>&nbsp;</o:p></p>

<p class=3DMsoNormal style=3D'margin-left:24.0pt;text-indent:-.25in;mso-lis=
t:l0 level1 lfo2;
tab-stops:list 24.0pt'><![if !supportLists]><span style=3D'font-family:Wing=
dings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings'><span
style=3D'mso-list:Ignore'>&uuml;<span style=3D'font:7.0pt "Times New Roman"=
'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span></span></span><![endif]><span class=3DGramE>to</span> expect their
&#8220;Buyer&#8217;s Agent&#8221; to inform them of their rights and
obligations under the Act and if not represented by their own agent, to have
the &#8220;Seller's Agent&#8221; inform them of their rights and obligations
under the Act. </p>

<p class=3DMsoNormal><o:p>&nbsp;</o:p></p>

<p class=3DMsoNormal style=3D'margin-left:24.0pt;text-indent:-.25in;mso-lis=
t:l0 level1 lfo2;
tab-stops:list 24.0pt'><![if !supportLists]><span style=3D'font-family:Wing=
dings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings'><span
style=3D'mso-list:Ignore'>&uuml;<span style=3D'font:7.0pt "Times New Roman"=
'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span></span></span><![endif]>to receive an update of the Property Conditi=
on
Disclosure before closing relating to any </p>

<p class=3DMsoNormal style=3D'margin-left:6.0pt'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp; </span><span class=3DGr=
amE>substantial</span>
change in condition of property. </p>

<p class=3DMsoNormal><o:p>&nbsp;</o:p></p>

<p class=3DMsoNormal style=3D'margin-left:24.0pt;text-indent:-.25in;mso-lis=
t:l0 level1 lfo2;
tab-stops:list 24.0pt'><![if !supportLists]><span style=3D'font-family:Wing=
dings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings'><span
style=3D'mso-list:Ignore'>&uuml;<span style=3D'font:7.0pt "Times New Roman"=
'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span></span></span><![endif]>to know that the contract of sale supercedes=
 the
Property Condition Disclosure as to </p>

<p class=3DMsoNormal style=3D'margin-left:24.0pt'><span class=3DGramE>the</=
span>
Seller's obligation to repair items listed in the Property Condition Disclo=
sure
as defective. </p>

<p class=3DMsoNormal><o:p>&nbsp;</o:p></p>

<p class=3DMsoNormal style=3D'margin-left:24.0pt;text-indent:-.25in;mso-lis=
t:l0 level1 lfo2;
tab-stops:list 24.0pt'><![if !supportLists]><span style=3D'font-family:Wing=
dings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings'><span
style=3D'mso-list:Ignore'>&uuml;<span style=3D'font:7.0pt "Times New Roman"=
'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span></span></span><![endif]>to pursue legal remedies for misrepresentati=
ons
in the Property Condition Disclosure by the property owner </p>

<p class=3DMsoNormal><o:p>&nbsp;</o:p></p>

<p class=3DMsoNormal style=3D'margin-left:24.0pt;text-indent:-.25in;mso-lis=
t:l0 level1 lfo2;
tab-stops:list 24.0pt'><![if !supportLists]><span style=3D'font-family:Wing=
dings;
mso-fareast-font-family:Wingdings;mso-bidi-font-family:Wingdings'><span
style=3D'mso-list:Ignore'>&uuml;<span style=3D'font:7.0pt "Times New Roman"=
'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span></span></span><![endif]>to terminate a contract prior to closing in =
the
event of a misrepresentation by the property</p>

<p class=3DMsoNormal style=3D'margin-left:6.0pt'><span
style=3D'mso-spacerun:yes'>&nbsp;&nbsp;&nbsp;&nbsp; </span><span class=3DGr=
amE>owner</span>
in the Property Condition Disclosure, subject to the provisions in the stat=
ute.
</p>

<p class=3DMsoNormal><o:p>&nbsp;</o:p></p>

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