A WA real estate agent discovers that a property they are selling has a serious pest infestation. What is their ethical obligation?
Correct Answer
B) Disclose the pest infestation as a material fact to prospective buyers
Under the Code of Conduct for Agents and Sales Representatives in WA, agents have an obligation to disclose material facts that could influence a buyer's decision. A serious pest infestation is a material fact that must be disclosed, regardless of whether the buyer asks about it.
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A WA agent is approached by a buyer who wants to submit an offer well below market value on a property where the seller is elderly and potentially vulnerable. The buyer asks the agent to pressure the seller into accepting. What should the agent do?
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