When it comes to disclosing a property that is psychologically affected, what must a limited agent do?

When it comes to disclosing a property that is psychologically affected, what must a limited agent do?

• A. Must disclose any knowledge to all parties.
• B. Must disclose the condition to the purchaser.
• C. Is not required to disclose any knowledge of a psychologically affected property.
• D. May not, under any circumstances, disclose any knowledge of a psychologically affected property.

Answer: (C)

In the context of disclosing a psychologically affected property, it's important to understand that limited agents have specific obligations under Indiana law. The correct response indicates that a limited agent is not required to disclose knowledge about a property that is psychologically impacted. This means that while the agent must provide accurate information about the physical aspects of the property, they are not obligated to inform potential buyers or parties involved about events that might have occurred on the property if those events fall under psychological impact—such as stigmas related to previous crimes or hauntings. This policy exists to protect both buyers and sellers from potential biases that might arise from emotional reactions to a property's history rather than its actual physical condition or value. By allowing limited agents not to disclose these details, the law acknowledges that psychological factors, while relevant to some degree, do not necessarily impact the structural integrity or value of the property in a measurable way. In contrast, other choices suggest a requirement to disclose information, which does not align with the legal framework governing limited agents' responsibilities regarding psychologically affected properties.

In the context of disclosing a psychologically affected property, it's important to understand that limited agents have specific obligations under Indiana law. The correct response indicates that a limited agent is not required to disclose knowledge about a property that is psychologically impacted.

This means that while the agent must provide accurate information about the physical aspects of the property, they are not obligated to inform potential buyers or parties involved about events that might have occurred on the property if those events fall under psychological impact—such as stigmas related to previous crimes or hauntings.

This policy exists to protect both buyers and sellers from potential biases that might arise from emotional reactions to a property's history rather than its actual physical condition or value. By allowing limited agents not to disclose these details, the law acknowledges that psychological factors, while relevant to some degree, do not necessarily impact the structural integrity or value of the property in a measurable way.

In contrast, other choices suggest a requirement to disclose information, which does not align with the legal framework governing limited agents' responsibilities regarding psychologically affected properties.