Which statement about the Seller Property Disclosure Statement (SPDS) is accurate?

The correct choice pertains to the nature of latent defects in relation to the Seller Property Disclosure Statement (SPDS). Latent defects are issues with a property that are not immediately apparent and may not be known to the seller. The SPDS is designed to provide information about a property's condition, but it relies on the seller's knowledge. If the seller is unaware of certain defects—especially those that are not easily observable—these may not be disclosed in the SPDS. Therefore, many latent defects could indeed be missing from the statement, making this choice the most accurate.

Other options might suggest completeness or obligations regarding the SPDS that do not accurately reflect its intended use or the seller's responsibilities. For instance, the idea that all potential red flags will appear on the SPDS overlooks the possibility of undiscovered issues. Highlighting that SPDS forms are optional may misinterpret the requirements in certain transactions. Lastly, filling out an SPDS for a client who refuses to do so contradicts the nature of this document, as it is meant to reflect the seller's disclosures rather than being completed by someone else.