medium · National Real Estate Exam
A listing agent observes fresh, localized patches of paint on the ceiling of a top-floor closet in a house with a history of roof issues. Although the seller states the roof was repaired, the agent should treat this as:
- A patent defect that the buyer is responsible for discovering through their own professional inspection.
- A minor cosmetic issue that does not meet the legal threshold of a material fact since the seller stated it was repaired.
- A red flag that requires further investigation or disclosure because it suggests a potential recurring material defect.
- Information protected by the duty of confidentiality, as disclosing it would harm the seller's bargaining position.
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