What is required from real estate agents concerning property defects known to them?

What is required from real estate agents concerning property defects known to them?

• A. They must keep information confidential
• B. They may choose to disclose if they wish
• C. They must disclose known defects to buyers
• D. They can list defects only if asked

Answer: (C)

Real estate agents are legally and ethically obligated to disclose any known defects of a property to potential buyers. This requirement is grounded in the principle of transparency and fairness, ensuring that buyers are fully informed about the condition of a property they may be interested in purchasing. Failing to disclose such defects can lead to significant legal consequences for agents, including liability for misrepresentation or fraud. This obligation also serves to protect the interests of buyers, allowing them to make informed decisions based on the complete picture of the property's condition. By disclosing known defects, agents foster trust in the transaction process, which is crucial for maintaining professional integrity in the field of real estate.

Real estate agents are legally and ethically obligated to disclose any known defects of a property to potential buyers. This requirement is grounded in the principle of transparency and fairness, ensuring that buyers are fully informed about the condition of a property they may be interested in purchasing. Failing to disclose such defects can lead to significant legal consequences for agents, including liability for misrepresentation or fraud.

This obligation also serves to protect the interests of buyers, allowing them to make informed decisions based on the complete picture of the property's condition. By disclosing known defects, agents foster trust in the transaction process, which is crucial for maintaining professional integrity in the field of real estate.