The report of the owner completed on a form furnished by the planning director shall be delivered by the owner or owner's agent to the buyer or transferee of the subject residential property prior to entering into an agreement of sale or exchange of the property. Except that where, in connection with the sale or exchange, an escrow agreement has been executed, the seller or seller's agent may transmit such reports to the escrow agent, with an instruction that the agent would present these reports to the buyer or transferee prior to close of escrow, or may instruct the escrow agent to obtain the report forms and fill them out and present them to the buyer or transferee prior to the close of escrow. A copy of the report completed by the owner or owner's agent, endorsed by the buyer or transferee, showing its receipt, shall be filed with the planning director, together with a fee which may be set, from time to time, by the council to cover the costs of the work of the city in this respect, and shall be delivered to the city at the close of the escrow for the sale or immediately upon the execution of the agreement of sale or exchange of the residential property.
(Prior code § 65100.16)