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If a broker is selling property and learns that an abutter has been arrested for drugs (possession with intent to distribute), does he/she have to disclose that to a potential buyer?
If a broker is selling property and learns that an abutter has been arrested for drugs (possession with intent to distribute), does he/she have to disclose that to a potential buyer?
Every state has different disclosure laws. In the state of Georgia, we would not have to disclose such information.
If a broker is selling property and learns that an abutter has been arrested for drugs (possession with intent to distribute), does he/she have to disclose that to a potential buyer?
I learned a new word today. And here I was sure I knew it all. Now I am off to write a poem about a drug abutter.
SOURCE: MERRIAM-WEBSTER DOT COM Definition of ABUTTER
: one that abuts; specifically: the owner of a contiguous property
Back to the OP Question - would not the same laws that apply to Megan's Law apply to other criminals in kind? Buyer beware? Where it may show up unexpectly would be a denial of insurance coverage, when the CLUE pulls up the neighborhood.
If a broker is selling property and learns that an abutter has been arrested for drugs (possession with intent to distribute), does he/she have to disclose that to a potential buyer?
I am going to go out on a limb here and say no state requires an owner or an agent to disclose knowledge that a neighbor was arrested for a crime, regardless of the crime.
I personally think that while you may not have to disclose either Drug dealing or Sexual preditors in discloser, that IF the buyer asked the question about either that you would be under obligation to tell the truth if you knew the answer.
The neighborhood I bought into, was evidently known for BOTH those things but agent never mentioned them.
when my husband went to look at the house, a passerby told him it was not a good neighborhood, especially if you had children.
about a year after we bought the house, the neighbor two houses away was arrested for running a Meth lab in the house. It took a lot of money to clean it up but at least now we have better neighbors in there.
I personally think that while you may not have to disclose either Drug dealing or Sexual preditors in discloser, that IF the buyer asked the question about either that you would be under obligation to tell the truth if you knew the answer.
The neighborhood I bought into, was evidently known for BOTH those things but agent never mentioned them.
when my husband went to look at the house, a passerby told him it was not a good neighborhood, especially if you had children.
about a year after we bought the house, the neighbor two houses away was arrested for running a Meth lab in the house. It took a lot of money to clean it up but at least now we have better neighbors in there.
Not in my opinion. I would direct them to a source where they could research crime statistics. It's not within my scope to comment on neighbors. (Be the source of the source) What if I'm wrong? Then the neighbor can sue you! It is the buyer's obligation to do their own due diligence about a property and that includes the neighborhood. I find it difficult to agree that a neighbor's arrest is a material fact pertaining to a nearby property.
Agents cannot steer buyers to or away from a certain area. If someone ask if the neighborhood is safe we can not answer that. We can point you to a site so you can look at crime stats etc but if we answer that question we are putting our license in jeopardy.
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