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Agency Relationships DisclosuresStigmatized_property_nyHARD

A real estate agent discovers that a property was the site of a highly publicized child abduction case, though no one was harmed and the child was safely recovered. The case received extensive media coverage and many local residents are aware of the incident. Under New York law, what are the agent's disclosure obligations?

Correct Answer

B) No disclosure is required as this constitutes a stigmatizing event protected under New York law

Under New York Real Property Law Article 12-A, crimes that occurred on a property are protected from required disclosure regardless of the type of crime, media coverage, or public awareness. The child abduction case, despite its serious nature and publicity, falls under the stigmatized property protections.

Answer Options
A
Disclosure is required because the extensive media coverage makes it a material fact
B
No disclosure is required as this constitutes a stigmatizing event protected under New York law
C
Disclosure is required because crimes against children are treated differently under New York law
D
Disclosure is optional since no physical harm occurred and the child was recovered safely

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Related Topics & Key Terms

Key Terms:

child_abductionmedia_coveragepublic_awarenesscrime_protection

Related Concepts

An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.

The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.

A legal relationship in which one person (the agent) is authorized to act on behalf of another person (the principal) in business transactions with third parties.

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