Property Disclosure Statement – Shield or Sword? #406
![BC Real Estate Association logo with the words "legally speaking" printed below](https://www.bcrea.bc.ca/wp-content/uploads/LegallySpeaking.png)
By Jennifer Clee In the early 1990s, the profession introduced the Property Disclosure Statement, or PDS (formerly, the Property Condition Disclosure Statement). From its inception, the PDS was intended to shield sellers and representatives from lawsuits by minimizing their risk of liability for negligent misrepresentation. By providing a written record of the seller’s knowledge and …