Difficulty: Easy

Average Score: 88%

A listing agent sees visible defects. The agent should

Rationale

question the seller about known defects.

A listing agent is responsible for disclosing any visible defects they observe in a property. By questioning the seller about known defects, the agent ensures transparency and protects themselves from potential liability while providing accurate information to potential buyers.

A (assume the owner will accept a low price) YOUR ANSWER

This choice is incorrect because assuming the owner will accept a low price does not address the visible defects and may lead to misunderstandings regarding the property's value. The agent should first gather information about the defects rather than make assumptions about pricing.

B (conclude the agent is relieved if defects are later discovered) YOUR ANSWER

This option is misleading as it implies a sense of relief for the agent, which is not a professional stance. The discovery of defects can lead to complications in the sale process, and it's the agent's duty to address these issues proactively rather than feel relieved.

C (question the seller about known defects) CORRECT

This is the correct choice because it encourages open communication between the agent and the seller. By asking about known defects, the agent can gather essential information to disclose to potential buyers and ensure compliance with legal obligations regarding property condition.

D (assume the house is a fixer-upper) YOUR ANSWER

Assuming the house is a fixer-upper based solely on visible defects may overlook the true condition of the property. This assumption could mislead potential buyers and does not help the agent fulfill their responsibility to obtain accurate information about the property.

Conclusion

A listing agent must prioritize transparency and communication regarding property defects. Questioning the seller about known defects is essential for ensuring accurate disclosures and protecting both the agent's interests and the potential buyer's right to informed decision-making. Assumptions about pricing or property conditions can lead to legal complications and misunderstandings, making proactive inquiry the best approach.

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