A Vancouver seller's home was once an illegal marijuana grow operation, but it was professionally remediated and no damage remains. Under BCFSA guidance, which statement about disclosure is correct?
Correct Answer
B) It is a stigma the seller need not volunteer, but must not misrepresent
BCFSA treats un-remediated damage from an illegal grow operation as a material latent defect, but past drug production with no remaining physical effect is a stigma. Stigmas need not be volunteered by the seller or the seller's licensee; if asked, the seller may answer honestly or decline, and an inaccurate or misleading answer exposes the seller to legal risk.
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A buyer is considering a unit in a 40-lot BC strata. The strata council says the owners voted by a 3/4 vote to waive the depreciation report. Which statement should the buyer's licensee rely on?
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