In Arkansas, when a rural property is served by a septic system rather than public sewer, the seller must:
Correct Answer
B) Disclose the existence and known condition of the septic system to prospective buyers
In Arkansas, the condition and existence of a septic system is considered a material fact that must be disclosed to prospective buyers. Because many rural Arkansas properties rely on private septic systems rather than public sewer, sellers are required under Arkansas disclosure law to inform buyers of the septic system's existence and any known defects or conditions, allowing buyers to make informed decisions.
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More Mandated Disclosures Questions
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In Vermont, a seller's agent knows a serious property defect or limitation. Which statement is correct?
- → In Vermont, covered pre-1978 property is shown to a buyer. Which statement is correct?
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- → An Oklahoma licensee is asked about a seller learns of a new defect after already delivering a disclosure or disclaimer statement. What is the best answer?
- → Which Oklahoma rule applies when a seller wants to use the Oklahoma disclaimer statement instead of a disclosure statement?
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- → In Oklahoma real estate practice, a seller has not yet accepted a purchaser’s offer. What should the licensee remember?
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