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Mandated DisclosuresEnvironmental_and_federal_disclosures_in_gaMEDIUM

During a listing appointment, seller Tom mentions that his well water tested high for nitrates last year but he installed a filtration system. The current water quality is unknown. How should listing agent Karen handle this situation?

Correct Answer

B) Recommend current water testing and disclose the previous contamination

Known water contamination history must be disclosed even if remediation attempts were made. Current testing provides updated information for buyers. A is incorrect - filtration doesn't eliminate disclosure obligation. C is incorrect - material facts must be disclosed proactively. D is incorrect - system installation doesn't negate disclosure requirements.

Answer Options
A
Advise Tom that filtration system installation resolves disclosure obligations
B
Recommend current water testing and disclose the previous contamination
C
Only disclose if buyers specifically ask about water quality
D
List the property without disclosure since system was installed

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Background Knowledge for Mandated Disclosures

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Related Topics & Key Terms

Key Terms:

water_contaminationnitrateswell_waterremediation_disclosure

Related Concepts

Violating fair housing laws can lead to significant penalties, including fines, civil liability, and professional discipline.

Death on property disclosure addresses whether sellers must inform buyers about deaths that occurred on the property, including natural deaths, suicides, and murders. Requirements vary significantly by state.

Environmental hazards disclosure involves informing buyers about environmental contamination or hazards affecting or potentially affecting a property, including underground storage tanks, contaminated soil, hazardous waste, and proximity to Superfund sites.

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