Broker Chen is working with a buyer under no brokerage relationship. During a property showing, the buyer notices a crack in the foundation and asks Chen if this is a serious structural issue. What should Chen do?
Correct Answer
B) Recommend the buyer consult with a qualified structural engineer
Correct: Under no brokerage relationship, the licensee cannot provide opinions or advice and should refer the buyer to qualified professionals. Why not A: Giving opinions exceeds ministerial acts and could create liability. Why not C: Researching and providing analysis would constitute advice. Why not D: The listing agent's opinion would not be appropriate professional guidance.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Megan's Law requires states to make information about registered sex offenders available to the public. Some states require real estate agents to inform buyers about the availability of sex offender registries.
Mold disclosure involves informing buyers about the presence of mold or conditions that are conducive to mold growth in a property. While no federal mold disclosure law exists, many states require disclosure of known mold issues.
A property condition disclosure is a written statement by the seller detailing the known condition of the property, including defects, repairs, and issues with major systems. Most states require sellers to complete this form.
More Authorized Relationships Disclosures Questions
Under Florida law (F.S. § 475.272 and § 475.278), which statement most accurately describes Florida's rules on brokerage relationships in a residential real estate transaction?
Consent to transition from single agent to transaction broker in Florida must be:
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- → In Florida, the disclosure of brokerage relationship must be made:
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