License Law & AgencyCâu 41 / 100
A material defect that a seller's agent knows about the property must be:
a.Concealed to protect the seller
b.Reported only to the Department of State
c.Revealed only if the buyer asks directly
d.Disclosed to prospective buyers
Giải thích
Even while representing the seller, an agent must honestly disclose known material defects to buyers and cannot participate in active concealment or fraud. The duty of honesty to third parties coexists with loyalty to the principal. Failing to disclose can expose the agent to liability.
Luyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A licensee who exaggerates a property's qualities with a non-factual opinion, such as calling a view 'the most breathtaking in town,' is engaging in:
- In New York, a real estate salesperson's license is:
- A seller's agent owes the fiduciary duty of loyalty to the:
- The relationship in which a broker represents a buyer client is known as:
- Which act by a licensee would most likely be grounds for revocation of a New York real estate license?
- An agent acting under an express written listing agreement is an example of:
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Đội Ngũ Biên Tập PrepPass · Đối chiếu với New York Real Estate Salesperson Licensing Exam · Quy trình kiểm tra