An agent is selling a Blacktown house. Which fact is a prescribed material fact she must disclose under the Property and Stock Agents Regulation 2022?
Correct Answer
A) Police found a drug lab operating in the house 18 months ago
Section 60 of the Property and Stock Agents Regulation 2022 prescribes material facts for s 52(1)(b) of the Act, including flooding from a natural weather event or bush fire within the last 5 years, murder or manslaughter within the last 5 years, and use for the manufacture, cultivation or supply of prohibited drugs within the last 2 years. Eighteen months ago falls inside the 2-year window.
Why This Is the Correct Answer
Drug manufacture within the last 2 years is a prescribed material fact, and 18 months is inside that window.
Why the Other Options Are Wrong
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