Agency
A Maine licensee who represents a seller must disclose to all buyers:
AThe seller's minimum acceptable price
BAll known material defects of the property✓ Correct
CThe seller's motivations for selling
DThe seller's financial situation
Explanation
A seller's agent in Maine must disclose all known material defects of the property to buyers, as failing to do so could constitute misrepresentation.
Related Maine Agency Questions
- Maine's disclosure requirements state that the Consumer Information Statement must be provided 'at the first substantive contact.' What constitutes 'substantive contact'?
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