Michigan License Law
A Michigan real estate licensee must disclose which of the following to a prospective buyer?
AThe seller's motivation for selling
BKnown material defects and environmental hazards affecting the property✓ Correct
CThe seller's personal financial situation
DOther offers received by the seller
Explanation
A Michigan licensee has a duty to disclose known material defects and environmental hazards that could affect the value or desirability of the property to prospective buyers.
Related Michigan Michigan License Law Questions
- A Michigan real estate licensee who practices as an independent contractor rather than an employee is still required to:
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