In Eastern Kentucky, a listing agent should specifically disclose information about:
Correct Answer
B) Severed coal and mineral rights that may not convey with the surface estate
In Eastern Kentucky's coal regions, mineral rights are frequently severed from the surface estate. This is a material fact that significantly impacts property value and use, as the mineral estate holder may have surface access rights.
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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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