Why is it important for a real estate agent to inform a buyer about a pending or recent zoning change?

Informing a buyer about a pending or recent zoning change is crucial because it directly affects the value and desirability of a property. Zoning changes can have a significant impact on how a property can be used in the future, potentially altering its appeal to buyers. For example, a change from residential to commercial zoning may enhance a property’s value for investors but could make it less attractive to those seeking a family home. Conversely, a zoning change that limits potential uses can decrease property value and desirability.

Understanding these implications enables buyers to make informed decisions, as they need to consider not only the current value of the property but also its future potential based on zoning laws. Real estate agents have an ethical duty to disclose material facts that could influence the buyer's choices, thus ensuring transparency in the transaction process.