Agent Lisa is representing the seller of a waterfront property located within 1,000 feet of a tributary of the Chesapeake Bay in Anne Arundel County, Maryland. A prospective buyer, Robert, is very interested in building an addition to the home. Which disclosure obligation is most critical for Lisa to fulfill regarding this property's location?
Correct Answer
B) Disclose that the property is within the Chesapeake Bay Critical Area and is subject to strict land use and development restrictions
Properties located within 1,000 feet of the Chesapeake Bay or its tributaries fall within Maryland's Chesapeake Bay Critical Area, which imposes strict land use regulations limiting development, impervious surfaces, and vegetation removal. Under Maryland's Critical Area Act and MREC disclosure requirements, agents must disclose the Critical Area status to buyers, particularly when the buyer's intended use (such as building an addition) may be restricted or prohibited by Critical Area regulations.
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Related Concepts
HOA disclosure requires informing buyers about the existence, rules, fees, financial health, and restrictions of a homeowners association governing the property. This information helps buyers understand their obligations before purchase.
The Lead-Based Paint Disclosure is a federally mandated disclosure required for all residential properties built before 1978. Sellers and landlords must disclose known lead-based paint hazards and provide the EPA pamphlet "Protect Your Family From Lead in Your Home."
A material defect is a condition that significantly affects the value, desirability, or safety of a property and that would likely influence a reasonable buyer's decision to purchase or the price they would pay.
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