Realtors, Brokers and Home Buyers Beware
The real estate industry has a peppered history of environmental
influences that have had a direct impact on the sale of property. Alerts about human exposure to asbestos, radon, electromagnetic
fields near electric power lines, lead-based paints, industrial pollution, etc. are but a few factors and examples of what
continue to affect property sales.
Today the real estate industry is facing yet another
and new environmental concern, MOLD. Prospective buyers are becoming aware of it and have a concern, sellers do not want to
think about or deal with it and real estate agents are caught in the middle. Mold can and has killed many real estate deals
and at times draws the real estate agent into the middle of a law suit. However, mold does not have to end in a lost sale
of property or possible litigation for the real estate agent. Mold is MANAGEABLE and by exercising a few systematic steps
to correct the conditions for its growth and cleaning it up, the number of liabilities can be dramatically decreased. Environmental
Administrators offers cost-effective consulting and litigation support services that can minimize your liabilities.
According to the Environmental Protection Agency, molds
are found in up to 50% of all structures. Contrarily, many other studies show 100% incidence of mold in structures. Public
exposure to mold appears to be universal and can probably be discovered in almost every indoor environment. The root concern
for those worried about the hazards of mold is their exposure to high-risk contamination levels.
Some owners of real estate have found it beneficial to
conduct a pre-emptive strike against mold inquiries from prospective buyers. A mold inspection and mold testing ordered by
an owner prior to the listing or sale of property offers disclosure, evidence and a good faith enhancement to prospective
buyers.