Agency
A Connecticut listing agent discovers the property has an unpermitted addition. The agent must:
ANot disclose this to preserve the seller's privacy
BDisclose this material fact to prospective buyers as it could affect value and safety✓ Correct
CTell only the listing broker
DDisclose only if asked directly by a buyer
Explanation
An unpermitted addition is a material defect that could affect the property's value, safety, and legality. All licensees must disclose known material facts to prospective buyers.
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Key Terms to Know
Agency
A 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.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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