Oregon Broker PSI Practice Exam

What should be disclosed if you list a house with a septic tank?

1. It is not necessary to disclose

2. It must be disclosed

3. Only if asked by the buyer

4. Only if the tank is old

The correct answer is: It must be disclosed

When listing a house that has a septic tank, it is essential to disclose that information to potential buyers. This requirement stems from the need to provide full transparency regarding the property's condition and any potential issues related to the septic system. Septic tanks are critical to a property's plumbing and waste management systems, and they can carry maintenance responsibilities and health implications. Buyers must be informed about the presence of a septic tank so they can assess the implications, including necessary inspections, maintenance costs, and the tank’s condition. Disclosing the septic system helps foster an informed transaction and protects both the seller and the buyer from possible legal disputes regarding undisclosed property features. Not disclosing the septic tank could lead to complications post-sale if the buyer encounters problems with the system, making it imperative for sellers to include this detail in their listings.