A Queensland real estate agent discovers that a property they are listing has significant structural issues. The agent's ethical and legal obligation is to:
Correct Answer
B) Disclose the known material defects to prospective buyers to avoid misleading conduct
While an agent has duties to their seller client, they also have a legal obligation not to engage in misleading or deceptive conduct. Known material defects must be disclosed to prospective buyers. Concealment exposes the agent to liability under the ACL and the Property Occupations Act 2014.
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More Ethics Compliance Questions
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Sarah, a real estate agent, discovers that a property she is selling has structural issues that the vendor hasn't disclosed. According to professional standards, what should Sarah do?
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