Alabama License Law
Which of the following is an example of a material fact that must be disclosed in Alabama real estate transactions?
AThat the seller is going through a divorce
BA leaking roof that the seller knows about✓ Correct
CThe seller's bottom line price
DThat the neighbors have dogs
Explanation
Material facts are facts that would affect a buyer's decision to purchase or the price they would pay. A known structural defect like a leaking roof is a material fact that must be disclosed. Personal information about the seller is not.
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