Agency
An Indiana broker who represents a buyer in a commercial transaction where the buyer wants to purchase a property with known environmental contamination should:
AAdvise the buyer to proceed and accept the property as is
BAdvise the buyer to conduct thorough environmental due diligence before purchase and explain the potential liability implications✓ Correct
CIgnore the environmental issue if the price is favorable
DComplete the transaction and disclose afterward
Explanation
A buyer's broker exercising reasonable care must advise their client of known environmental issues and the importance of conducting proper due diligence (Phase I/II ESA) before committing to a contaminated property.
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