Contracts
A Connecticut real estate agent prepares a purchase contract and intentionally leaves out a material term to benefit their commission. This is:
AAcceptable if the term is not required by law
BFraud by omission, which can result in contract rescission and license discipline✓ Correct
CPermissible if both parties sign the contract
DOnly a problem if one party suffers financial loss
Explanation
Intentionally omitting material terms to benefit oneself is fraud by omission. This exposes the agent to civil liability for rescission or damages, and to disciplinary action by the Connecticut Real Estate Commission for unprofessional conduct.
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