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Agency Relationships DisclosuresBuyer_agent_dutiesEASY

Carol is a buyer's agent representing client Daniel who is purchasing a single-family home in upstate New York. Daniel asks Carol whether he needs to have the property inspected for environmental hazards. What should Carol advise Daniel about environmental disclosure requirements in New York?

Correct Answer

D) Daniel should consider environmental inspections, and Carol should inform him of any known environmental issues

While environmental inspections are not mandatory, Carol should advise Daniel that they are advisable, especially for older homes or properties in areas with known environmental concerns. Carol has a duty to inform Daniel of any environmental issues she becomes aware of and should recommend appropriate professional inspections based on the property's characteristics and location.

Answer Options
A
Environmental inspections are mandatory for all residential purchases in New York
B
The seller is required to test for all environmental hazards before listing the property
C
Environmental hazards are only a concern for commercial properties, not residential
D
Daniel should consider environmental inspections, and Carol should inform him of any known environmental issues

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Related Topics & Key Terms

Key Terms:

environmental_inspectionenvironmental_disclosureprofessional_inspectiondue_diligence
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