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Mandated DisclosuresMaterial_facts_honesty_and_statutory_disclosure_boundariesMEDIUM

Buyer's agent Mark discovers through public records that the property his clients want to purchase has an active code violation for an unpermitted addition. The listing doesn't mention this violation. What should Mark do under Georgia disclosure and representation requirements?

Correct Answer

A) Inform his buyers about the violation and its potential implications for the purchase

Correct: Buyer's agents must inform their clients about material facts they discover, including code violations that could affect the property's value, use, or the transaction itself. Why not B: While this might be helpful, the primary duty is to inform his own clients immediately. Why not C: Assumptions about violation resolution could harm the buyer's interests. Why not D: Code violations vary in complexity and cost; buyers need full information to make informed decisions.

Answer Options
A
Inform his buyers about the violation and its potential implications for the purchase
B
Contact the listing agent privately to suggest they update their disclosures
C
Assume the sellers will handle the violation before closing
D
Advise his buyers to proceed since violations can typically be resolved easily

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Related Topics & Key Terms

Key Terms:

code_violationsbuyer_representationpublic_recordsunpermitted_additions
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