Agency
What is a Nevada buyer's agent's duty to disclose when they know the property has a history of flooding?
AOnly the seller's agent must disclose flooding history
BIf the buyer's agent knows about a flooding history that could be material to the buyer's decision, they must disclose it even if the seller has not disclosed it✓ Correct
CThe buyer's agent should advise the buyer to purchase flood insurance only
DFlooding history is only a required disclosure in Clark County
Explanation
Nevada buyer's agents have an affirmative duty to disclose all known material facts that could affect the buyer's decision. A history of flooding is a material fact affecting both habitability and insurance costs. The buyer's agent cannot remain silent about known material defects even if the seller has not disclosed them.
Related Nevada Agency Questions
- A Nevada licensee who acts as a property manager for a landlord is the landlord's:
- What is a Nevada seller's agent required to disclose to a buyer about a property?
- In Nevada, what is an agent's duty when the buyer asks whether there are any neighborhood noise issues?
- What is the duty of 'disclosure' that a Nevada agent owes to their principal?
- What is a 'subagent' in Nevada real estate, and are they commonly used today?
- What is the relationship between a Nevada mortgage broker and the loan applicant?
- What is a Nevada listing agent's duty to the seller when a buyer's agent makes a low offer?
- What is a buyer's agent's primary fiduciary obligation in a Nevada transaction?
Practice More Nevada Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nevada Quiz →