Environmental
The Mold Disclosure Act requires Georgia real estate professionals to:
ATest all properties for mold before listing
BDisclose known mold conditions that materially affect the property✓ Correct
CRemediate all mold before closing
DProvide a mold warranty to the buyer
Explanation
Georgia requires disclosure of material defects including known mold conditions. Agents must disclose known mold issues that would materially affect the property's value or habitability.
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Key Terms to Know
Comparable Sales (Comps)
Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
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.
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