easy · National Real Estate Exam disclosures
An agent is listing a property and notices a small patch of black mold in a corner of the basement. The seller claims it's 'just a little mildew' from a humid summer.
What is the agent's professional responsibility?
- Tell the buyer that all basements have some mold and that it is never a material concern.
- Disclose the presence of the mold and suggest that the buyer have a professional mold inspection.
- Accept the seller's mildew explanation at face value and list the home without mentioning it at all.
- Wipe the mold away with bleach before the first showing so that potential buyers are never alarmed by it.
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