Comments on: Do You Disclose Mold in Your MLS Description http://varealestatetalk.com/2008/08/13/do-you-disclose-mold-in-your-mls-description/ A Peek at Life & Real Estate in Northern Virginia Mon, 08 Mar 2010 00:09:43 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: Kim Hannemann http://varealestatetalk.com/2008/08/13/do-you-disclose-mold-in-your-mls-description/comment-page-1/#comment-884 Kim Hannemann Tue, 26 Aug 2008 14:22:21 +0000 http://varealestatetalk.com/2008/08/13/do-you-disclose-mold-in-your-mls-description/#comment-884 Should banks be required to do mold abatement prior to listing a property? No. But they should be required to do inspections (structure, safety incl mold/radon) and provide report to prospects. Should agents as representatives for the banks be required to disclose environmental hazards to prospective buyers in the MLS listing? Based on my answer to the previous question, I would have to say YES. In fact, MLS listings should require all sellers to do the same. How long will it be before an agent is the target of a board complaint or a lender sued by a prospective buyer for not disclosing the presence of mold in a home? Sued? Probably happened. Found liable? Naah. Should banks be required to do mold abatement prior to listing a property?

No. But they should be required to do inspections (structure, safety incl mold/radon) and provide report to prospects.

Should agents as representatives for the banks be required to disclose environmental hazards to prospective buyers in the MLS listing?

Based on my answer to the previous question, I would have to say YES. In fact, MLS listings should require all sellers to do the same.

How long will it be before an agent is the target of a board complaint or a lender sued by a prospective buyer for not disclosing the presence of mold in a home?

Sued? Probably happened. Found liable? Naah.

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