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Practice Of Real Estate DisclosuresTransfer_disclosure_statementMEDIUM

Rachel is buying a condo in San Francisco. The seller's TDS states no known defects. Rachel's agent, Michael, conducts his visual inspection and notices significant cracks in interior walls suggesting structural issues. Under California law, what is Michael's obligation?

Correct Answer

A) Disclose the wall cracks on his agent section of the TDS and recommend the buyer obtain a professional structural inspection

Under California Civil Code §2079, both the listing agent and buyer's agent have independent visual inspection duties. Michael must note the wall cracks in his agent section of the TDS. As a fiduciary to Rachel, he should also recommend she obtain a professional inspection to evaluate the severity.

Answer Options
A
Disclose the wall cracks on his agent section of the TDS and recommend the buyer obtain a professional structural inspection
B
Hire a structural engineer before the buyer removes contingencies
C
Rely on the seller's statement of no defects and note no additional findings
D
Inform only the listing agent and let the listing agent handle the disclosure

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Related Topics & Key Terms

Key Terms:

TDSbuyer_agentvisual_inspectionstructural_issuesCal_Civil_Code_2079

Related Concepts

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