In a real estate transaction, what is the broker required to do when aware of a hazardous chemical?

In a real estate transaction, when a broker is aware of a hazardous chemical, they are required to provide full disclosure to buyers. This is essential because buyers have the right to know about any potential health risks or environmental hazards associated with the property they are considering purchasing.

Transparency regarding hazardous materials is not just an ethical obligation but also a legal requirement in many areas. Buyers must be informed so they can make informed decisions and assess potential risks associated with the property. This helps protect their health, safety, and financial investment.

Keeping the information confidential, notifying only local authorities, or informing the seller alone do not fulfill the broker's duty to ensure that buyers are fully aware of the conditions of the property. Ultimately, full disclosure contributes to a more informed and responsible real estate market.