Concord condos . Does the licensing broker of the marijuana house have to disclose it? When you sell a house that used to be a marijuana house, you have to deal with two separate problems: material damage and / or repair of the house, and potential psychological stigma caused by the history of the house.
An important principle of real estate is that with the help of brokers or salespeople, buyers have the responsibility to determine whether the property they buy is suitable for them. To this end, buyers may ask for more information and conduct independent research.
According to this principle, you do not have to disclose the material problems that can be found through a typical room inspection. However, if you know that there is a material defect that can only be detected through destructive inspection, and the defect makes the house uninhabitable or endangers health and safety, then you need to disclose it.
Like material defects, you don’t have to disclose potential stigma to potential buyers. But keep in mind that potential buyers decide what defects are important to them, and buyers will instruct their agents accordingly, and they may ask.
The licensing agent does not have to disclose the former marijuana house on his own initiative, but he can’t lie either.
What kind of problem can be seen as a stain that varies from person to person. For example, was the house ever a place for murder or suicide? Did a notorious criminal ever live in a house? Houses with stigma must be taken seriously. Work with your agent to develop coping strategies and how to answer any questions from potential buyers or their agents.
Although your sales reps don’t need to voluntarily provide information about material problems or stains, they can’t lie when asked. They can answer the question directly, or refuse to answer the question, and suggest that the buyer’s agent conduct their own investigation and research.
Under the code of ethics, all real estate professionals have a responsibility to be fair, honest and honest when dealing with others in real estate transactions, and it is also their responsibility to promote and protect your best interests.
Similarly, listed brokers must avoid misstatements or mistakes in promoting your property. In cases where it is uncertain whether disclosure is more sensible, their suggestion may be disclosure to avoid potential problems in the future. This may be a difficult balance, but make sure you have made the wise decision you can make.
If your agent also represents other potential buyers (called multiple representatives), there will be additional problems. In this case, your representative must take responsible steps to find and disclose for the buyer’s customers anything that may have a significant impact on their purchase decisions.
As a seller, you have the right to sell the property at the highest possible price. If you are worried that the stain on the house may affect the sale, please consider seeking guidance from a lawyer.