A New York real estate agent represents a seller whose property is located within 500 feet of a former manufactured gas plant site that is on New York's Registry of Inactive Hazardous Waste Sites. What disclosure obligations does the agent have regarding this proximity?
Correct Answer
C) Should disclose the proximity to the registered hazardous waste site as it may affect property value
Proximity to registered hazardous waste sites is a material fact that could affect property value, marketability, and buyer decisions. New York agents must disclose material facts that a reasonable buyer would want to know, including environmental conditions in the immediate area that could impact the property.
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Under New York environmental regulations, all of the following activities require certified professionals EXCEPT:
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A New York homeowner wants to renovate their 1950s house and suspects there may be asbestos in the popcorn ceiling. Before beginning work, what is the first step they should take under New York regulations?