Environmental
A real estate agent has a general duty to disclose environmental hazards that are:
AOnly those listed in federal law
BKnown to or reasonably observable by the agent that materially affect the property✓ Correct
COnly those found in the seller's disclosure form
DOnly those discovered by the home inspector
Explanation
Georgia agents must disclose known or readily observable material facts, including environmental hazards. This includes information discovered through observation, inspection, or client communication.
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Key Terms to Know
Lien
A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
State-Specific Concepts
Disclosure Requirements
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