Kansas License Law
Under Kansas License Law, which of the following is considered 'material fact' requiring disclosure?
AThe seller's personal reason for moving
BKnown defects, stigmas, and conditions that could significantly affect the buyer's decision or the property's value✓ Correct
CThe buyer's financing source preference
DThe listing agent's commission rate
Explanation
Material facts are facts that could significantly affect the value of the property or influence a buyer's decision. Kansas requires disclosure of known material facts including defects and conditions.
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