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Mandated DisclosuresFair_housing_disclosuresEASY

A seller's agent must disclose all of the following material facts to a prospective buyer EXCEPT:

Correct Answer

C) Neighborhood demographic information such as race or national origin of residents

Agents are strictly prohibited from volunteering or disclosing neighborhood demographic information — such as the racial, religious, or national origin composition of an area — because doing so could constitute illegal steering under the Fair Housing Act. Providing such information, even if requested by a buyer, can violate federal fair housing law. By contrast, known structural defects, environmental contamination, and well or water supply issues are all material facts that must be disclosed to prospective buyers.

Answer Options
A
Known structural defects in the property
B
Known environmental contamination on or near the property
C
Neighborhood demographic information such as race or national origin of residents
D
Known issues with the property's well or water supply

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Related Topics & Key Terms

Related Topics:

Fair Housing Actsteeringmaterial facts disclosureAREC regulationsagent fiduciary duties

Key Terms:

Fair Housing Actsteeringmaterial factsprohibited disclosureneighborhood demographicsseller's agent duties
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