Should real estate agents disclose murder?

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This Times-Picayune archive photos shows the LaLaurie house at 1140 Royal Street in August 1963. The tale of Madame LaLaurie and her torture chamber is one of the city’s most famous ghost stories..

Under Australian common law, vendors and real estate agents are required to disclose any information considered to be a "material fact" to prospective property buyers. This includes instances that have occurred on a property such as murder, violent crime and even the suspected presence of ghosts.

The report says some real estate agents think it’s best to be upfront about a home’s history, particularly if it includes a case of violent crime.

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"The seller, in a private transaction, does have the option to opt out of disclosure," said Legal Counsel and Director of Regulatory Affairs for the north carolina real estate Commission, Janet.

In 2006, Brown was convicted of aggravated robbery and first-degree murder for killing 43-year-old real estate agent Johnny.

Stigma and the Selling Agent. According to the NAR’s Code of Ethics, real estate agents are obligated to discover and disclose adverse factors reasonably apparent in the properties they deal with. Once an agent discovers, or should have discovered, an adverse condition, she must disclose it to the buyer.

In other states, the laws are less black and white; a seller may need to disclose the information only if a buyer asks. To understand the death in home disclosure regulations in your area, you should get in touch with a Redfin real estate agent.

Real estate agents are more accessible to the public than most financial wealth individuals, which I believe is why you often.

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Homes that have been the site of a death are said to have "psychological" damage, but many homebuyers say the extent to which it would bother them depends.

The regulations, announced last November by B.C.’s Office of the Superintendent of Real Estate, require listing agents to present a disclosure form to every. find themselves in conflict of interest.

This prompted a review of the NSW laws surrounding disclosure. The agent had to refund their deposit, and the home was later sold for less than the original price. The law changed as a result of that review and real estate agents must now disclose any ‘material fact’ before they can sell a property.