A West Virginia buyer's agent discovers that the property has been used as a meth lab. The agent should:
Correct Answer
A) Disclose this to the buyer as it is a material fact
Former meth lab contamination is a material fact that must be disclosed to the buyer. It affects the property's value, health, and safety. West Virginia law requires disclosure of known environmental hazards and contamination.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
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