Under BC's Real Estate Services Rules, what is a 'material latent defect'?
Correct Answer
A) A material defect not discernible on reasonable inspection, including one costly to remedy
Rules s. 59(1) defines a material latent defect as a material defect that cannot be discerned through a reasonable inspection, including a defect that makes the property dangerous, unfit for habitation or unfit for a purpose the licensee knows of, a defect that would involve great expense to remedy, a local government notice requiring a remedy, and a lack of required permits.
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