easy · National Real Estate Exam disclosures
A licensee is deciding whether a fact about a property needs to be shared with the buyer.
What makes a fact 'material'?
- It is written down somewhere in the seller's paperwork.
- A fact that could reasonably affect a buyer's decision or offer.
- It always lowers the value of the property.
- It is something only the seller's attorney is allowed to discuss.
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