The Rhode Island Coastal Resources Management Council (CRMC) affects real estate agents because:
Correct Answer
B) Coastal properties require CRMC permits for development and alterations near the shore, which agents must disclose to buyers
Rhode Island's Coastal Resources Management Council (CRMC) regulates development and alterations within its jurisdiction, which generally extends 200 feet inland from coastal features such as the shoreline, coastal wetlands, and tidal waters. Real estate agents must be aware that waterfront and near-coastal properties may be subject to CRMC permit requirements for construction, renovation, or land alteration. This is a material fact that must be disclosed to prospective buyers. CRMC jurisdiction applies to both residential and commercial properties throughout the Ocean State.
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Related Topics & Key Terms
Related Topics:
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Related Concepts
An agency relationship created when a principal's actions or words lead a third party to reasonably believe that an agent has authority, and the principal fails to correct this belief.
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.
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