Agency
A Florida seller's agent discovers that the property has a serious foundation problem the seller has not disclosed. The agent should:
AKeep the information confidential to protect the seller client
BDisclose the material defect to potential buyers as required by Florida law✓ Correct
CWithdraw from the listing without comment
DReport the seller to FREC only
Explanation
Florida agents are required to disclose all known material facts that affect the value or desirability of a property, regardless of the seller's wishes. Concealing a known material defect violates Chapter 475 F.S. and could constitute fraud.
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