What must a real estate agent do if asked about hazardous conditions in a property?

A real estate agent is obligated to disclose any known hazards present in a property. This responsibility stems from the principle of transparency in real estate transactions, which is critical to ensuring that potential buyers are aware of issues that might affect their decision to purchase. By disclosing known hazards, the agent fulfills their duty to inform buyers and helps them make educated choices about the property.

In addition, failure to disclose hazards can lead to legal repercussions, including claims of misrepresentation. Being upfront about known risks not only aids in protecting the buyer but also shields the real estate agent from potential liability that could arise from undisclosed issues.

The expectation is not only to disclose significant hazards but all known hazardous conditions. This includes issues like mold, lead paint, structural problems, or any other factors that could pose a risk to the occupants. Therefore, the agent's responsibility is to provide full disclosure of any known hazards rather than to be vague, withhold information, or selectively disclose only the most significant issues. Such practices foster trust and transparency in the real estate process, which are foundational to professional ethics and legal standards in property transactions.