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AgencyMaterial_fact_disclosureMEDIUM

A Vermont seller's agent knows the property is near a planned highway expansion that will increase noise. The agent should:

Correct Answer

B) Disclose it to prospective buyers as a material fact

Known external factors that materially affect property value must be disclosed to all parties. A planned highway expansion is a material fact regardless of which party the agent represents.

Answer Options
A
Keep it confidential as seller information
B
Disclose it to prospective buyers as a material fact
C
Only disclose if asked directly
D
Wait until after the offer is accepted

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Related Topics & Key Terms

Related Topics:

external-factorsmaterial-factsproactive-disclosure

Key Terms:

highway expansionmaterial factexternaldisclose allproactive
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