medium · National Real Estate Exam disclosures
A listing agent knows that a property was the site of a meth lab remediation two years ago and possesses the certificate of successful decontamination. The seller does not want this mentioned because the 'stigma' will lower the price.
How should the agent proceed?
- Only disclose the information if a buyer specifically asks about the history of the house.
- The agent should refer the buyer to the local police department for a background check on the address.
- Keep the information confidential as the property has been professionally remediated.
- Disclose the past use and the subsequent remediation to all prospective buyers.
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