When an agent discovers asbestos in a property they are selling, they are required to provide specific disclosure of the asbestos. This is essential because asbestos is classified as a hazardous material that can pose serious health risks if disturbed or improperly managed.
Providing specific disclosure allows buyers to fully understand the potential risks associated with the property and to make informed decisions regarding the purchase. This level of transparency is mandated by law in California, where agents have a legal obligation to disclose material facts that could affect a buyer's decision.
By accurately informing buyers about the presence of asbestos, the agent helps protect the seller from potential liability and ensures that the buyers can take appropriate precautions or considerations regarding the property. This information is crucial, as it may influence the buyer's willingness to purchase the property, the offering price, or their plans for future renovations.