Broker Sarah learns that a property she is listing had a murder occur in it three years ago. The seller asks if this must be disclosed to potential buyers. Under Georgia law, what should Sarah advise the seller?
Correct Answer
B) The murder need not be disclosed unless specifically asked by a buyer
Under O.C.G.A. § 44-1-16, licensees and sellers are not required to disclose that a property was the site of a homicide, suicide, or death unless specifically asked. Option A is incorrect because disclosure is not mandatory. Option C is incorrect because the one-year timeframe doesn't apply to stigmatized properties. Option D is incorrect as there is no requirement to disclose to any specific number of buyers.
Why This Is the Correct Answer
Why the Other Options Are Wrong
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Related Topics & Key Terms
Key Terms:
Related Concepts
Fair housing laws apply to a broad range of activities related to housing, including sale, rental, financing, and advertising.
A seller's disclosure statement is a form that sellers complete to inform buyers about the condition and history of the property, including known defects, past repairs, insurance claims, and environmental issues.
Many states and localities have fair housing laws that expand upon the protections offered by the federal Fair Housing Act.
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