Agency
A NJ buyer's agent accompanies their buyer to view a property and notices the seller has patched and painted over an apparent foundation crack. The agent should:
ASay nothing as it is the seller's property
BAlert the buyer to the potential issue and recommend a structural inspection✓ Correct
CReport the seller to the NJREC
DAdvise the buyer to accept the property as-is
Explanation
A buyer's agent owes their client the duty of disclosure and care. Noticing signs of concealed defects requires the agent to alert the buyer and recommend appropriate professional inspections to protect the buyer's interests.
Related New Jersey Agency Questions
- In New Jersey, a real estate licensee's fiduciary duty of 'loyalty' to a seller client means the agent must:
- An NJ agent's duty of care requires them to:
- Under NJ law, 'material facts' that must be disclosed include all of the following EXCEPT:
- A buyer's representative agreement (buyer-broker agreement) in NJ is:
- A cooperating broker in a MLS transaction typically acts as a:
- The duty of ACCOUNTING in a NJ agency relationship requires the agent to:
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