Agency
In New Jersey, a buyer's agent who discovers a material defect about a property the buyer is interested in is obligated to:
ADisclose only if the seller consents
BKeep it confidential to protect the client relationship
CDisclose it to the buyer immediately as part of the fiduciary duty of disclosure✓ Correct
DWait until after the offer is accepted
Explanation
A buyer's agent has a fiduciary duty of disclosure to the buyer. Any material information—including defects—that would affect the buyer's decision must be shared promptly. Concealing material facts violates agency law and NJ license regulations.
Related New Jersey Agency Questions
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- In New Jersey, which form must be provided to a consumer at the first substantive contact with a licensee?
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