Originally Posted by OldFrog75
Do brokers have a legal
(or ethical) responsibility to disclose known defects or problems to a potential buyer or is it totally caveat emptor? If asked a direct question, such as "when was the bottom last painted", are they obligated to provide the information if they know it and do they have any liability for withholding relevant information?
If they have the information they are normally required to disclose it...
A lot depends on how honest the seller is to the Broker.
In some cases the Broker will stick his fingers in his ears when the Seller tells him something he doesn't want to know about hte boat.But, if later it is determeined that the Broker knew and didn't disclose it, you have legal
recourse, which in this day and age makes most Brokers fairly honest.