Humber College Exam 4: Invigilated Theory Exam PREX-1060A Question # 11 Topic 2 Discussion

Humber College Exam 4: Invigilated Theory Exam PREX-1060A Question # 11 Topic 2 Discussion

PREX-1060A Exam Topic 2 Question 11 Discussion:
Question #: 11
Topic #: 2

A salesperson and their commercial seller client are discussing and preparing to list the seller's office building. The topic of defects comes up and the seller wants to know what the salesperson will have to disclose. Which of the following is an accurate statement regarding the disclosure of defects?


A.

The salesperson should not disclose latent defects that are known to the seller as they could affect the seller's ability to obtain a high price for the property.


B.

The salesperson should discuss patent defects known to the seller of the office building with the seller and disclose them to a buyer.


C.

The salesperson should not disclose material latent defects that are known to the seller that could reduce the price or the marketability of the property.


D.

The salesperson should discuss latent defects known to the seller of the office building with the seller and disclose them to a buyer.


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