Agency
Which of the following is a 'material fact' that an Ohio licensee must disclose to all parties?
AThe seller's divorce proceedings
BA known underground oil tank on the property✓ Correct
CThe seller's asking price history
DThe buyer's maximum budget
Explanation
A known underground oil tank is a material environmental and property condition fact that must be disclosed to all parties. Seller financial matters and negotiating positions are confidential, not material facts for disclosure.
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