Laws & AgencyQuestion 33 of 120
A seller's agent who learns of a serious foundation defect must:
a.Keep it confidential for the seller
b.Disclose it only to the seller
c.Disclose the material fact to the buyer
d.Ignore it because it favors the seller
Explanation
Even while representing the seller, an agent must disclose known material facts that affect the property's value or desirability to the buyer. Physical defects such as foundation problems are material and cannot be concealed. Concealing them can lead to liability and license discipline.
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