Agency
Which of the following is a material fact that a listing agent MUST disclose?
AThe seller's asking motivation
BThat the seller previously accepted a lower offer
CThe presence of a known structural defect in the foundation✓ Correct
DThe race of previous occupants
Explanation
A known structural defect is a material fact that must be disclosed because it directly affects the value and desirability of the property. An agent must disclose material facts even if the seller instructs them not to.
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