Contracts
What is 'imputed knowledge' in Delaware real estate agency law?
AKnowledge the agent is required to have as a professional
BKnowledge that a principal is deemed to have because their agent has it — the agent's knowledge is attributed to the principal✓ Correct
CKnowledge imputed to a buyer through their home inspection
DKnowledge required by the Commission for licensure
Explanation
Under agency law, knowledge held by the agent is imputed (attributed) to the principal. If the agent knows of a material defect, the principal is deemed to know of it, even without direct disclosure.
Related Delaware Contracts Questions
- What is a 'land contract' (contract for deed) in Delaware real estate?
- In Delaware, what is a 'counter-offer' and what effect does it have on the original offer?
- What is an 'inspection contingency' in a Delaware purchase contract, and who typically selects the inspector?
- What is a 'void contract' versus a 'voidable contract' in Delaware real estate law?
- Under a Delaware real estate contract, what is 'specific performance'?
- What is 'time is of the essence' in a Delaware real estate contract?
- What is a 'voidable' contract in Delaware real estate law?
- What is 'unilateral mistake' in Delaware contract law?
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →