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
D) Tell prospective buyers about the known defects so they are not misled
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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- → At an open home, a buyer asks the selling agent whether the roof was replaced when the house was renovated. The agent does not know. What is the appropriate response?
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