medium · National Real Estate Exam disclosures
A buyer's agent is aware that the seller's property was the site of a notorious crime several years ago. The buyer has not asked about this.
Under national standards, the agent should:
- Check local/state law, as 'stigmatized property' disclosure varies and may not be required if there is no physical defect.
- Refuse to answer any questions about the crime even if asked, to avoid potential lawsuits.
- Remain silent because disclosing it would violate the agent's duty to the seller.
- Disclose the information because it is a material fact about the property's history.
Sign up free to see the explanation and track your rank →
More National Real Estate Exam disclosures practice
- The agent must:
- A buyer is interested in a parcel of land for a new housing… — What is the primary purpose
- According to federal law, which of the following is true?
- A buyer's 'innocent landowner' defense against liability under CERCLA generally requires t
- What is the agent's professional responsibility?
- A seller's agent knows that the roof is at the end of its us… — Is the agent required to d
- Carbon monoxide is a hazardous substance most commonly produced by which source in a resid
- What is the seller's obligation regarding the paint itself?