Obligation to make these facts known to prospective buyer

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Reference no: EM131270593

1) Real estate broke Molly Smith has listed a house for sale that is located in a floodplain and has been flooded on several occasions. Does Molly have an obligation to make these facts known to prospective buyer?

2) Suppose that Molly fully informs the potential buyer about the floodplain problem, but he still buys the house. Later his house is flooded, and he sues Molly for not telling him hat houses in floodplain can be flooded. Does he have a legitimate claim?

Reference no: EM131270593

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