Agency
In Missouri, material facts that a seller's agent must disclose to buyers include:
AThe seller's reason for selling
BKnown defects that affect value or desirability✓ Correct
CThe seller's financial situation
DThe buyer's lender's terms
Explanation
Missouri agents must disclose known material facts that affect a property's value or desirability, such as structural defects, flooding history, or environmental hazards—not the seller's personal or financial information.
Related Missouri Agency Questions
- A Missouri buyer's agent who also represents the seller in the same transaction must:
- Estoppel agency in Missouri arises when:
- Under Missouri agency law, an agent's authority to bind a principal is called:
- Termination of a Missouri listing agreement by the seller before the expiration date may result in:
- In Missouri, a buyer's agent's commission is typically paid by:
- In Missouri, an agent who receives a gift from a buyer or seller in a transaction without the other client's knowledge may have violated:
- A Missouri licensee who has a personal financial interest in a property they are listing for a client must:
- In Missouri, when a buyer's agent and listing agent are from the same brokerage, and the brokerage does NOT use designated agency, the result is typically:
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