A seller’s broker needs to disclose:
Question & Answer
Review the question and all answer choices
the broker’s acquisition of any direct or indirect interest in the seller’s property. b. whether any person holding a special relationship with the broker will acquire an interest in the seller’s property.
Option A is incomplete because it only addresses the broker's own interest but fails to include the requirement to disclose interests held by persons with special relationships to the broker, which is also mandated by California law.
whether any person holding a special relationship with the broker will acquire an interest in the seller’s property. c. Both a. and b.
Option B is incomplete because it only addresses disclosure regarding persons with special relationships to the broker but fails to include the requirement to disclose the broker's own direct or indirect interest in the property.
Both a. and
Neither a. nor b.
Option D is incorrect because California law explicitly requires brokers to disclose both their own interests in a property and those of persons with special relationships to them. Failure to disclose creates potential legal liability.
Why is this correct?
Option C is correct because California law requires brokers to disclose both their own direct or indirect interest in the property (A) and whether any person with a special relationship to the broker will acquire an interest (B). This dual disclosure requirement ensures complete transparency between brokers and their clients.
Continue Learning
Explore this topic in different formats
More Agency Law Videos
Continue learning with related video lessons
Ohio's continuing education requirement for license renewal is:
2:14 • 0 views
Ohio real estate licensees are regulated by the:
2:51 • 0 views
A seller's agent in Texas owes which duty to buyers?
2:47 • 0 views
South Dakota requires how many hours of pre-license education?
3:19 • 0 views
Which Illinois agency fiduciary duty survives beyond the end of an agency relationship?
2:17 • 0 views
Ready to Ace Your Real Estate Exam?
Access 2,000+ free video lessons covering all 11 exam topics.