Agency
Material facts that an agent must disclose to a buyer include:
AThe seller's reason for moving
BKnown physical defects that could affect the property's value or the buyer's decision✓ Correct
CThe seller's financial situation
DNeighborhood gossip about adjacent properties
Explanation
Agents must disclose material facts—known physical defects, environmental hazards, or other conditions that could significantly affect the property's value or a buyer's decision to purchase.
Related Indiana Agency Questions
- In Indiana, the concept of 'vicarious liability' means that a managing broker may be held responsible for:
- In Indiana, a 'non-exclusive buyer agency agreement' differs from an exclusive agreement in that:
- In Indiana, a broker representing a buyer in a 'pocket listing' (off-market) transaction owes which additional duty?
- In Indiana, subagency refers to:
- An Indiana property manager who signs a lease on behalf of the property owner is exercising:
- An Indiana buyer's agent who uses their client's confidential information to make a profit (e.g., purchasing the property for themselves before the client can) is engaged in:
- A buyer's agent in Indiana who also receives a referral fee from a home inspector they recommended to their buyer client must:
- An Indiana property manager acting as an agent for a corporate owner (principal) must take direction from:
Practice More Indiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Indiana Quiz →