Seller's agent discovers permafrost damage to foundation. Must:
Correct Answer
B) Disclose to all buyers as a material defect
Foundation damage from permafrost thaw is a material defect that must be disclosed to all parties. This is a uniquely Alaskan concern, especially in interior and northern areas.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.
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.
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