Material Latent Defect Versus Latent Defect. Is There a Difference? #486

Two major disclosure duties govern every listing REALTORĀ®. Common law requires the Realtor to disclose any known latent defect. At the same time, the Real Estate Council of British Columbia (Council) demands compliance with the Material Latent Defect Rule.1 Are these two requirements the same? Common Law Latent Defect Under common law, the onus is on