Broker discovering defect before settlement must:
Correct Answer
B) Inform seller and buyer
Agents have a duty to disclose known material defects to both parties in the transaction.
Why This Is the Correct Answer
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More Practice Of Real Estate Disclosures Questions
All exemplify lawful private real estate controls except:
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Previous Question
Blake sold his home to Frank but remained in possession and negotiated a two-year leaseback. Frank did not record the deed. During this two-year period, Blake sold the home to Sam who then recorded the deed. Who owns the home?
Next Question
Maria is selling her single-family home in Sacramento. Her listing agent, James, provides her with a Transfer Disclosure Statement (TDS) form. Under California Civil Code §1102.6, which portion of the TDS is Maria, as the seller, responsible for completing?