Author: Anonymous

Agent Alison did not disclose, to the buyer Ben, that an elderly couple died in the house she sold Ben. Ben later learns of the deaths and is upset. He wants to take action against Alison for not disclosing the deaths prior to the sale of the house. Is the Allison liable for not disclosing this fact? Why or why not?

The addendum to the disclosure form is required when the property

One authorized to conduct a single transaction or series o transactions not involving an ongoing relationship is…

A broker took an exclusive listing contract on a seller’s home. The seller told the broker the roof leaked, but the broker made no notation on the listing. Later, a buyer made an offer on the property that the seller accepted. The broker lied when the buyer made his/her offer; telling him/her the roof was in good condition. After the buyer took possession, he/she discovered the truth during the first rain. Responsibility for the misrepresentation rests with whom?

In South Carolina, when must a licensee provide a meaningful explanation of agency relationships to a buyer or a seller?

If the owner is assisted in the sale of property by a real estate licensee, who is responsible for completing and delivering the disclosure statement to the purchaser?

An agency which is voluntarily created through contractual agreement between the principal/client and the agent is known as a/an…

When a brokerage firm is a dual agent, when do the fiduciary duties to the client become limited?

In the Practice Act the term ______ replaced the common law term, principal.

When should the owner provide the completed disclosure statement to the purchaser?