Which Oklahoma rule applies when a real estate licensee actually knows of a property defect that is not included in the seller’s disclosure statement?
Correct Answer
C) The licensee must disclose the actually known defect to the purchaser
60 O.S. section 836 requires a real estate licensee to disclose actually known defects not included in the disclosure statement or amendment. Source basis: OREC Residential Property Condition Disclosure Act booklet updated 2025, 60 O.S. sections 831-839: disclaimer/disclosure statements, delivery before acceptance, licensee duties, remedies, exemptions, and acknowledgments. Checked 2026-04-30.
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Related Concepts
An as-is clause in a real estate contract states that the buyer accepts the property in its current condition without requiring the seller to make any repairs. However, an as-is sale does NOT eliminate the seller's obligation to disclose known defects.
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Violating fair housing laws can lead to significant penalties, including fines, civil liability, and professional discipline.
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