contestada

wally is a pennsylvania licensee. he’s planning to purchase a house with several acres of land from seller seth. based on wally’s expertise, he believes the property is being underutilized and plans to divide the land into several separate lots to sell off individually. what does wally need to disclose to seth?

Respuesta :

Wally needs to be honest about his plans for the land.

  • If a licensee has an interest in a property, they are required to disclose this interest as well as any potential conflicts of interest in writing.
  • When selling their own property, licensees are required to reveal their license status.

What is mean by licensee?

  • In U.S. tort law, a licensee is a person who is on another's property even though it is not accessible to the general public because the owner of the land has granted the licensee permission to enter.
  • A licensee can also refer to the holder of a license.
  • If a person travels to see an invitee for personal reasons, they may be regarded as a licensee.
  • A person is a licensee, for instance, if they go to a friend's rental home. Typically, an invitee extends an invitation to a property to licensees.

Learn more about licensee here:

https://brainly.com/question/28212009

#SPJ4

Otras preguntas