easton v strassburger: Duty to Disclose - What Is Your Real Estate Agent NOT Telling You?! - 06/11/12 05:09 AM
Duty to Disclose - What Is Your Real Estate Agent NOT Telling You?!
The Latin term "caveat emptor" means "buyer beware", and that used to be the case in real estate transactions. But after legislative actions and court cases involving environmental hazards, property condition issues and other disputes, that is no longer the case in California real estate.
Property sellers, and real estate agents, have a duty to disclose known facts about the home or property involved in the transaction. In California the 1984 case of Easton v. Strassburger has become the basis for agent disclosure. In addition to the disclosure … (3 comments)