A retired real estate broker explains that agents must disclose known contaminated soil in property listings. Failing to mention environmental hazards like soil contamination in marketing materials exposes brokers to legal liability.
Are you in the deal room? So this, this legally. So legally they have to legally.
And I'm, I'm a, I'm a licensed real estate broker, retired. If I put, if I put advertising out there that I can do multifamily on something and it was an industrial site with dirty, dirty results, 100% my responsibility as a broker to put that in. And you can, you can go type it up, go, go put it in ChatGPT right now and say, is it legal to not disclose contaminated waste on a, on a, on a site? In the advertising of it for sale.
Contaminated what?
Contaminated soil.
Do the dictation. There you go.
When trying to advertise a property for sale to multifamily. There you go. Because again, this is, this is where you have to know the rules, right? Short answer. Sometimes yes, sometimes no. Right. What counts as material fact? Contaminated soil is 100% material fact because it affects value, blah, blah, blah, blah, blah. Okay. And it says right there, the seller knows about contamination. They generally have a duty to disclose it.
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