hard · National Real Estate Exam
A seller tells his listing agent that the underground oil tank was removed ten years ago, but he cannot find the paperwork. The agent sees a vent pipe still sticking out of the ground in the backyard.
What is the agent's duty regarding disclosure?
- The agent should accept the seller's word and not mention the vent pipe.
- The agent must demand the seller hire a contractor to excavate the yard.
- The agent must disclose the presence of the vent pipe and the possible existence of an underground tank.
- The agent should remove the vent pipe to match the seller's story.
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