An Alberta listing agent learns that the seller client's home has a hidden foundation defect that buyers are unlikely to spot on a viewing. What is the agent's primary obligation?
Correct Answer
D) Disclose the defect to all buyers, and refuse further service if told to hide it
Rule 57(i) of the RECA Rules requires a licensee acting as a seller's agent to disclose to all buyers all material latent defects affecting the property that the licensee knows about. If the seller instructs the licensee to withhold that disclosure, Rule 41(j) requires the licensee to refuse to provide further services to that client.
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A listing agent learns that the home was once used as a marijuana grow operation and has since been fully remediated. The seller's lawyer confirms the seller has no legal obligation to disclose this, and the seller does not want it disclosed. What should the listing agent do?
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An Alberta associate learns that a licensee at a competing brokerage has been making false statements about properties the associate has listed. Under the RECA Rules, what must the associate do?