WP: Disclosure: Conclusion

IX. Conclusion

As they say, “the winds of change are blowing.” The doctrine of caveat emptor, practically insulating sellers and brokers from liability in the past, has been and continues to be eroded by a wave of consumerism in this country. Even where the doctrine is still rigorously applied, inroads are being made to reflect the attitude that purchasers cannot be expected to discover everything about the property they intend to purchase, and where material information is known or available only to sellers and their agents, equity will prevail over a strict application of “buyer beware”. The market is being equalized, and in the process more and more responsibility is being placed upon brokers to make certain that purchasers of property are treated fairly and that their interests are protected.