Ark. Code § 18-11-107

Current with all legislation passed during the 2023 Regular and First Extraordinary Sessions.
Section 18-11-107 - Required disclosure by closing agent - Definitions
(a) As used in this section:
(1) "Agricultural operation" means an agricultural, silvicultural, or aquacultural facility or pursuit conducted, in whole or in part, including:
(A) The care and production of livestock and livestock products, poultry and poultry products, apiary products, and plant and animal production for nonfood uses;
(B) The planting, cultivating, harvesting, and processing of crops and timber; and
(C) The production of any plant or animal species in a controlled freshwater or saltwater environment; and
(2) "Closing agent" means a person that facilitates a closing.
(b) A closing agent shall provide a written disclosure statement before or at the time of closing a real estate transaction that makes a buyer of real property aware that:
(1) The real property may be located within or near a rural area; and
(2) Agricultural operations on real property nearby are protected under § 2-4-101 et seq. and shall not be found to be a public or private nuisance if the agricultural operation employs methods or practices that are commonly or reasonably associated with agricultural production.
(c) A cause of action shall not arise against and liability shall not be imposed upon a closing agent or a closing agent's employer due to a failure to provide a buyer of real property the written disclosure statement required under subsection (b) of this section.

Ark. Code § 18-11-107

Added by Act 2019, No. 515,§ 1, eff. 7/24/2019.