Broker Mark has a new listing. Mark knows that there is a crack in the basement...
Broker Mark has a new listing. Mark knows that there is a crack in the basement wall and that a convicted sex offender lives next door. What information must Mark disclose to any prospective buyers?
Homework Answers
According to the law, a broker is mandated to disclose any fault
with the property in fair and transparent manner but is not obliged
to disclose any information regarding criminal activities in the
neighborhood or about the immediate or the far-off neighbors.
So,
Mark must disclose the information that there is a crack in the basement wall.
However, he can choose not to disclose the information that a convicted sex offender lives next door.
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