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Reports that metropolitan area homeowners who are listing their property for sale are likely to be asked to complete a property condition disclosure statement to provide potential buyers with the information about the condition of the property. Laws in New York and Connecticut on disclosure; Effects on the failure to complete the property condition disclosure law in New York; Protection on buyers.

Discusses the issues in the renovation in a cooperative housing unit. Inconvenience for shareholders; Required board approval of a renovation; Restrictions on renovations; Fixture replacement; Importance of standard alteration agreements.

Focuses on an amendment, coming into effect on June 1, 1997, to Connecticut's real property law which will insures that the agents working with buyers are working exclusively for them. Comments from Peter B. Bell, chief executive officer of Balch Buyer's Realty in Mamaroneck, New York; Views of Mark A. Shiffrin, commissioner of the Connecticut Department of Consumer Protection in Hartford, on the amendment; Detailed information on the amendment.