Agency
A Florida licensee is showing a property and discovers that the roof was improperly repaired after hurricane damage. The licensee must:
ADisclose it only if the buyer asks about prior hurricane damage
BDisclose this known material defect to all prospective buyers✓ Correct
CKeep it confidential because the seller instructed them to
DDisclose it only in the seller's property disclosure form
Explanation
Florida law requires licensees to disclose all known material facts that may affect the value of the property. Improper roof repair is a material defect that must be disclosed to all prospective buyers regardless of the seller's instructions.
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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.
State-Specific Concepts
Disclosure Requirements
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