Agency
A seller's agent who discovers a material latent defect during a showing must:
AKeep it confidential per the duty of loyalty to the seller
BDisclose it to the buyer because material defects must be disclosed to all parties✓ Correct
COnly disclose it if the buyer specifically asks
DNote it in the MLS listing but need not tell the buyer directly
Explanation
Even a seller's agent must disclose material latent defects to buyers. The duty of loyalty to the seller does not override the legal obligation to disclose conditions that could affect the buyer's decision.
Related Indiana Agency Questions
- An Indiana listing agent who receives multiple offers should:
- An Indiana sub-agent owes fiduciary duties to:
- An Indiana broker who fails to present all offers to the seller unless instructed otherwise in writing may be in violation of:
- The duty of obedience in an agency relationship means the agent must:
- An Indiana broker acts as a sub-agent of the seller when the broker:
- An Indiana property manager who discovers that the investment property they manage is being used for illegal drug activity should:
- An exclusive right-to-sell listing guarantees the listing broker a commission if:
- When a buyer's agent shows properties listed by their own brokerage, this creates a potential:
Practice More Indiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Indiana Quiz →