hard · National Real Estate Exam
A broker is found to have 'constructive knowledge' of a salesperson's ongoing practice of misrepresenting acreage.
What does 'constructive knowledge' imply in a legal context?
- The broker should have known about the conduct through the exercise of reasonable and diligent supervision.
- The salesperson informed the broker of the acts in writing.
- The acts were so minor that the law presumes they did not occur.
- The broker personally witnessed the acts but did not participate in them.
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