Environmental
A Massachusetts real estate agent learns that a neighbor's property has been listed as a Superfund site on the National Priorities List. The agent should:
AKeep the information confidential as it may affect the sale
BDisclose this material fact to prospective buyers✓ Correct
CWait for the buyer's inspector to discover it
DOnly disclose if the buyer specifically asks about environmental issues
Explanation
Proximity to a Superfund site is a material fact that may significantly affect property value and desirability. Massachusetts real estate agents have a duty to disclose material facts that they know or should know, regardless of whether the buyer specifically asks.
Related Massachusetts Environmental Questions
- CERCLA (Superfund) makes which party potentially liable for cleaning up hazardous waste on a property?
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