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Compliance with Seller Disclosure Obligations in Real Estate

Accurate disclosure of defects in a property is a crucial part of any real estate transaction. Sellers are legally required to disclose any material defects known to them. However, the situation becomes complicated when a seller is unaware of a hidden defect. Let's look at a case study.

1. The Plumbing Defect Question

Let's imagine that a seller is questioned about the existence of known defects in the plumbing of his property. In response, the seller declares that, to the best of her knowledge and belief, there are no plumbing defects. However, what she doesn't know is that the pipes are corroded and require replacement.

2. Breach of Disclosure Obligations?

In this situation, the key question is whether the seller is breaching its disclosure responsibilities. The answer is no. Since the seller has no knowledge of the plumbing problem, she cannot be held responsible for not disclosing the material defect.

3. After-sales Responsibility

Es importante destacar que, una vez que se completa la venta, cualquier problema que surja no es responsabilidad del vendedor y no constituye una base legal para que el comprador presente una demanda. Sin embargo, determinar exactamente cuándo comenzó un problema y cuándo el vendedor lo «supo» no siempre es claro.

In this particular case, the seller was not aware of the plumbing problem, which means she is not responsible for not disclosing the material defect. Real estate law tends to favor full and accurate disclosure, but also takes into account a lack of genuine knowledge on the part of the seller.

In summary, in real estate transactions, accurate disclosure is essential, but the seller's lack of genuine knowledge of a defect may exempt the seller from liability for failing to disclose the defect.

Legal and Tax Disclaimer

Se informa a los lectores que el contenido presentado en este blog tiene únicamente fines informativos y no debe interpretarse como asesoramiento legal o fiscal. Los artículos e información proporcionados aquí están escritos desde la perspectiva de un agente inmobiliario afiliado a Luxury Collective, y no representan asesoramiento legal o fiscal.

Como autor, soy un profesional inmobiliario con licencia bajo Luxury Collective, con el Número de Licencia DRE de Brokerage: #02230789. Sin embargo, es importante destacar que mi especialización es en el campo inmobiliario, y no en asuntos legales o fiscales. Las percepciones y opiniones compartidas en este blog se basan en mis experiencias y conocimientos en la industria inmobiliaria y deben ser consideradas como orientación general, en lugar de asesoramiento legal o fiscal definitivo.

For specific legal or tax concerns relating to any real estate transactions or investments, readers are strongly encouraged to consult with a qualified attorney or tax advisor who can provide tailored advice based on your individual circumstances and the latest legal and regulatory requirements.

La información en este blog se proporciona «tal cual» sin garantía de ningún tipo, y yo, junto con Luxury Collective y sus afiliados, rechazamos toda responsabilidad por cualquier pérdida, daño o malentendido que surja del uso de la información contenida aquí.

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