fbpx

You are viewing our site as a Broker, Switch Your View:

Agent | Broker     Reset Filters to Default     Back to List
You have viewed all your free articles this month


Due to the ongoing situation with Covid-19, we are offering 3 months free on the agent monthly membership with coupon code: COVID-19A

UNLIMITED ACCESS

With an RE Technology membership you'll be able to view as many articles as you like, from any device that has a valid web browser.

Purchase Account

NOT INTERESTED?

RE Technology lets you freely read 5 pieces of content a Month. If you don't want to purchase an account then you'll be able to read new content again once next month rolls around. In the meantime feel free to continue looking around at what type of content we do publish, you'll be able sign up at any time if you later decide you want to be a member.

Browse the site

ARE YOU ALREADY A MEMBER?

Sign into your account

To Disclose or Not to Disclose – Weird Situations that May Need Your Intervention

September 07 2016

speak

Itching to close the sale, but aware of a few issues pertaining to the property in question that have you scratching your head about what you're really required to disclose? Disclosure laws vary not only by state, but involve a great deal of grey area. Here are the real estate selling tips you need to know to protect yourself against later legal action.

To disclose or not to disclose – Do you need to come clean?

Deaths within the home
Most states have laws on the books pertaining to the disclosure of deaths in/on the property – with some even requiring you to disclose the how of the death. California has a law referred to as how the property may be "psychologically affected." For instance, deaths occurring within a period of three years must be disclosed, as well as the circumstances (ie: if they were violent) – or you could end up on the hook for some serious damages.

Meth labs
Some states requires the seller to disclose if a home was previously the site of an illegal meth lab – while others do not. The sticky wicket? You're not required to disclose information you don't know. So if you don't go digging into a home's history, you could be in the clear, whereas playing P.I. could land you in hot water if you uncover something ungainly. Be certain to make yourself aware of what's required in your state.

TO READ THE REST OF THE STORY LOGIN OR REGISTER.