Environmental
A South Dakota property owner discovers mold throughout the basement. Under disclosure laws, the seller must:
ARemediate before listing and say nothing
BDisclose the known mold condition on the Seller's Property Condition Disclosure✓ Correct
COnly disclose if the mold is black mold (stachybotrys)
DLet the buyer's inspector discover it without mentioning it
Explanation
The South Dakota Seller's Property Condition Disclosure requires sellers to disclose known material defects, including mold infestations. Failure to disclose known conditions can result in liability.
People Also Study
Related South Dakota Questions
- In South Dakota, a property manager's failure to disclose a known material defect (like foundation problems) to a prospective tenant could result in:Property Management
- In South Dakota, which federal law requires disclosure of known mold issues in commercial building leases?Environmental
- In South Dakota, which federal law requires sellers and landlords to disclose known lead-based paint hazards in pre-1978 residential housing?Environmental
- The South Dakota Seller's Property Condition Disclosure (SPCD) is required for:Contracts
- Under South Dakota law, when must the Seller's Property Condition Disclosure be delivered to the buyer?Contracts
- The Truth in Lending Act (TILA) requires lenders to disclose which key cost figure to South Dakota borrowers?Finance
- A home built before 1978 in South Dakota requires disclosure of which potential hazard under federal law?Environmental
- South Dakota's residential landlord-tenant law governs the relationship between residential landlords and tenants. A landlord's failure to maintain habitable conditions may give tenants the right to:Property Management
Key Terms to Know
Listing Agreement
A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
State-Specific Concepts
Disclosure Requirements
Study This Topic
Practice More South Dakota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Dakota Quiz →