The seller's SPDS indicates 'no knowledge' of structural issues, but during the transaction, the neighbor mentions seeing foundation repair trucks at the property two years ago. What should the listing agent do?
Correct Answer
C) Question the seller about the neighbor's observation and advise disclosure if accurate
The agent should investigate the neighbor's information with the seller and advise proper disclosure if the information reveals a previously undisclosed condition. This maintains disclosure integrity while verifying information. A is incorrect because agents shouldn't ignore potential material information. B is incorrect because the SPDS shouldn't be updated without confirming the information with the seller. D is incorrect because the agent has a duty to ensure accurate disclosure.
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A property was built in 1975 and the seller knows it contains asbestos insulation that was encapsulated in 1995. The encapsulation is intact with no visible damage. How should this be handled in the SPDS?
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