An Alaska agent who is representing a buyer discovers the property has a code violation the seller is unaware of. The agent should:
Why Disclose the violation to the buyer and advise the buyer to address it in the offer or as a contingency Is Correct
Answer B: Disclose the violation to the buyer and advise the buyer to address it in the offer or as a contingency
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
Key Agency Terms in This Question
People Also Study
Related Alaska Questions
- An Alaska seller fails to disclose a material defect in a property. After closing, the buyer discovers the defect and sues. The buyer's cause of action is MOST LIKELY:Contracts
- A seller's agent in Alaska accidentally reveals the seller's bottom-line price to the buyer. This is a violation of the agent's duty of:Agency
- Alaska's extreme seismic activity means that earthquake risk is a material fact that sellers should disclose when:Environmental
- In Alaska, an agent's responsibility for 'material adverse facts' about a property means the agent must disclose:Agency
- A buyer in Alaska purchases a property and later discovers there is an existing lease the seller did not disclose. Under the principle that 'a lease survives sale,' the buyer:Escrow & Title
- An Alaska seller's agent receives an unsolicited text message from a buyer that contains information about the buyer's maximum purchase price. The agent should:Agency
- A listing agent in Alaska discovers that the seller concealed a leaking roof. The agent's duty is to:Agency
Key Terms to Know
A real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
State-Specific Concepts
Study This Topic
Practice More Alaska Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free Alaska Quiz →