medium · National Real Estate Exam disclosures

Jordan Adams is advising a client when this issue arises: The licensee knows of concealed structural movement that materially affects value and is not readily observable by the buyer.

Which response is most consistent with national real-estate principles?

  1. Describe the issue as cosmetic without investigating the known facts.
  2. Wait for the buyer to ask the exact right question.
  3. Stay silent because the seller instructed the licensee not to mention it.
  4. Disclose the known latent defect despite the seller’s instruction.

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