According to Massachusetts law, when must an agent disclose issues such as asbestos or leaky underground tanks?

In Massachusetts, agents have a legal obligation to disclose known material defects of a property, which includes issues such as asbestos or leaky underground tanks. This requirement ensures transparency and protects consumers from potential harm or financial loss. If an agent fails to disclose these significant issues, it may lead to accusations of misrepresentation or negligence, as the buyer relies on the agent's honesty and integrity to make informed decisions about their purchase.

The duty to disclose is not contingent upon the buyer asking specific questions or limited to the time of listing or closing. It is proactive on the agent's part to inform buyers about any known problems that could affect the property’s value or safety. This commitment to disclosure fosters trust and aligns with ethical practices in real estate transactions.