A seller in Orlando is preparing to list their home and discovers their homeowner's insurance policy will be non-renewed due to the age of the roof. The listing agent should advise the seller to:
Correct Answer
C) Disclose the insurance issue and explore coverage options before listing
The agent should advise disclosing the insurance issue and exploring coverage options before listing, as this affects marketability and buyer financing. Transparency is required, and addressing insurance concerns early prevents deal complications. Option A (wait until closing) could jeopardize the transaction if buyers can't obtain insurance. Option B (replace roof first) may be unnecessarily expensive if alternative insurance options exist. Option D (let buyer handle) fails to address a known material issue that affects property marketability.
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