medium · National Real Estate Exam agency

A seller's agent discovers that the property line actually runs through the middle of the neighbor's garage due to an old error. The seller tells the agent not to mention it. This is a/an:

  1. A minor issue that does not meet the legal threshold for 'materiality.'
  2. An instruction the agent must legally follow under the fiduciary duty of obedience.
  3. A confidential matter that only the title company can resolve.
  4. Material fact that must be disclosed regardless of the seller's instruction.

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