A licensee who knowingly conceals a material defect from a buyer may be liable for which of the following?
Correct Answer
B) Fraudulent misrepresentation
Under Montana law, a licensee who knowingly conceals a material defect commits fraudulent misrepresentation. This can result in serious consequences including license revocation or suspension by the Montana Board of Realty Regulation, civil liability to the buyer for damages, and potential criminal penalties. Montana's disclosure requirements obligate licensees to disclose all known material defects affecting the property.
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