Agency
A seller's broker who has a buyer interested in the property is required to disclose to the buyer:
AThe seller's minimum acceptable price
BThat the property has been on the market for 180 days
CAll known material defects in the property✓ Correct
DThe seller's personal financial situation
Explanation
Even when representing the seller, a broker must disclose to all parties (including buyers) all known material defects that could affect the property's value or desirability. This is an ethical and legal obligation under Illinois license law and the duty of honest dealing.
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