Arkansas § 18-11-107 Required disclosure by closing agent - Definitions

Arkansas Statutes

§ 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 w

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(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.

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