State Laws
Buyer Obligations – The buyer is responsible for inquiring about the following:[1]
- Whether the property has been impacted by suicide, homicide, or felony; or is
- In the vicinity of an offender.
Agent’s Responsibilities – A real estate agent must make “reasonable efforts” to give material facts about a property that may affect its value or desirability.[2]
Buyer Beware – Arkansas recognizes a caveat emptor rule which recognizes the seller’s right to hand over a property in an “as-is” condition. According to the Arkansas Real Estate Commission, there are no required disclosures by a seller/owner in a sales transaction.
Seller’s Disclosures (3)
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