Exempt transfers are those pursuant to court order such as estates, foreclosures, bankruptcies, etc.
New homes have special requirements.
Please consult an attorney if you are unsure about what applies in your case. The law makes it mandatory that a seller provide either a disclaimer or disclosure statement to a purchaser no later than contract presentation. A disclaimer is a statement that the seller makes no representations or warranties as to the condition of the property, except as otherwise provided in the purchase contract. A disclosure statement discloses defects in the condition of the property actually known by the seller. Should the seller or seller's agent fail to provide one of the above to the buyer before the contract is ratified, then the buyer could cancel the sales contract by sending written notice to the seller right up to the date of settlement.