Contracts
In Massachusetts, a broker who takes a listing on a property they know is in foreclosure should:
AList it without any special disclosures
BDisclose the foreclosure status to all prospective buyers as a material fact✓ Correct
COnly disclose it to buyers who ask
DNot list a property in foreclosure
Explanation
Foreclosure status is a material fact that must be disclosed to prospective buyers. Massachusetts licensees have an obligation to disclose known material facts that could affect a buyer's decision.
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