medium · National Real Estate Exam disclosures
A seller's agent knows that the roof is at the end of its useful life and will likely need to be replaced within two years. The roof is currently not leaking.
Is the agent required to disclose this to a prospective buyer?
- Yes, as the remaining life of a major component like a roof is a material fact that affects the property's value.
- No, because the roof is currently functioning fine and not leaking, so it is technically not a 'defect.'
- No, because the age and remaining life of a roof is a patent fact that any buyer's inspector will readily discover.
- Only if the buyer specifically and directly asks the seller's agent about the roof's exact age or its current condition.
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