An agent walks through a listed property and notices water stains on the ceiling and a strong musty smell in the basement, but chooses not to mention these observations to prospective buyers. What duty has the agent most likely violated?
Correct Answer
A) Agent's duty of reasonably competent visual observation
The agent has a duty to disclose observable adverse conditions and known material facts rather than ignore them. Water stains and musty smells are observable conditions.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
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A listing agreement creates an agency relationship between:
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