AgencyIntermediateDelaware Exam
A Delaware seller's agent learns that the property's roof has a significant undisclosed leak. The agent must:
AKeep this information confidential to protect the seller
BDisclose the material defect to prospective buyersCorrect
COnly disclose if the buyer's agent specifically asks
DAdvise the seller to fix it before listing
Why Disclose the material defect to prospective buyers Is Correct
Answer B: Disclose the material defect to prospective buyers
Even as a seller's agent, the licensee has a duty to disclose material facts about the property's condition to prospective buyers. Concealing a material defect (known roof leak) is fraud and violates Delaware law.
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
Related Delaware Agency Questions
- What is the duty of 'reasonable care and diligence' in a Delaware agency relationship?Agency
- Under Delaware law, what is the agent's duty of 'obedience' to their client?Agency
- In Delaware, which of the following is a fiduciary duty owed by a buyer's agent to their buyer-client?Agency
- What is 'dual agency' and what are its limitations in Delaware?Agency
- What is an 'implied agency' in Delaware real estate?Agency
- What is an 'open listing' in Delaware real estate?Agency
- What is a 'short sale' and what agency obligations does it create for Delaware agents?Agency
- What is a 'seller's net sheet' and what role does the listing agent play in preparing it?Agency
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →