Agency
A Kansas buyer's agent discovers the seller has undisclosed foundation issues. What must the agent do?
AKeep it confidential per agency duty
BDisclose the information to the buyer-client✓ Correct
CDisclose only if the seller consents
DWait until the inspection report reveals it
Explanation
A buyer's agent has a duty of disclosure to the buyer-client and must reveal all known material facts, including defects that could affect the buyer's decision.
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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.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
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