When a seller's agent becomes aware of a material defect in the property, the agent must:
Correct Answer
B) Disclose the defect to all prospective buyers
Under Oklahoma law, a seller's agent who becomes aware of a material defect must disclose that defect to all prospective buyers. The duty to disclose material facts overrides any obligation of confidentiality to the seller.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.
The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.
A legal relationship in which one person (the agent) is authorized to act on behalf of another person (the principal) in business transactions with third parties.
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