Massachusetts License Law
A Massachusetts real estate licensee who discovers they made an error in a real estate transaction should:
ACover it up to avoid liability
BPromptly disclose the error to all affected parties and consult legal counsel✓ Correct
CReport it only to the Board of Registration
DWait 30 days to see if it causes a problem
Explanation
Prompt disclosure of errors and omissions is the ethical and legally prudent course of action. Attempting to cover up errors can transform an honest mistake into fraudulent concealment, significantly increasing liability.
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