Environmental
Which of the following is TRUE about mold disclosure in New York residential transactions?
AMold is not a required disclosure under any New York law
BKnown mold problems are a material fact that should be disclosed to buyers✓ Correct
COnly licensed industrial hygienists may disclose mold conditions
DMold must be remediated before a property can be sold
Explanation
Known mold conditions are material facts that agents and sellers must disclose to prospective buyers in New York. While NY does not have a mold-specific disclosure statute for all transactions, material facts must be disclosed under general principles and the PCDA.
Related New York Environmental Questions
- In New York, which state agency is primarily responsible for regulating environmental matters, including hazardous waste sites and brownfields?
- In New York, a real estate agent's duty with respect to environmental hazards is to:
- Asbestos in a residential property poses the greatest health risk when:
- In New York, carbon monoxide (CO) detectors are required by law in:
- In New York, buildings constructed after 2001 are less likely to contain asbestos because:
- In New York City, the installation of certain high-efficiency windows in a landmark or landmarked district building requires:
- PCBs (polychlorinated biphenyls) are found in real estate primarily in:
- In New York, mold disclosure requirements in residential transactions obligate a seller to:
Practice More New York Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New York Quiz →