medium · National Real Estate Exam disclosures
A seller's agent is aware that the property's basement floods every spring, but the seller has marked 'No' on the property disclosure form.
What is the agent's duty?
- The agent is protected from liability as long as they provide the buyer with the seller's signed form.
- The agent must disclose the flooding to all prospective buyers, despite the seller's statement.
- The agent must follow the seller's instructions and remain silent to protect the client.
- The agent should suggest the buyer hire their own inspector and say nothing further.
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