Environmental
Mold in a Minnesota residential property is considered a material defect because:
AIt automatically voids the purchase agreement
BIt can cause health problems and must be disclosed on the Minnesota Seller's Property Disclosure Statement✓ Correct
CIt only affects properties built before 1978
DIt is a federal environmental violation
Explanation
Mold is a material defect in Minnesota real estate. Known mold conditions must be disclosed on the Seller's Property Disclosure Statement. Mold can cause serious health problems (particularly in those with respiratory issues), and remediation can be costly, making it a significant concern for buyers.
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