hard · National Real Estate Exam disclosures
During a transaction review led by Taylor Bennett, the following issue arises: The licensee knows of concealed structural movement that materially affects value and is not readily observable by the buyer.
Which conclusion is most accurate?
- Wait for the buyer to ask the exact right question.
- Disclose the known latent defect despite the seller’s instruction.
- Describe the issue as cosmetic without investigating the known facts.
- Stay silent because the seller instructed the licensee not to mention it.
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