Agency
An Oklahoma real estate agent learns that a property they are showing has an active neighborhood dispute about a planned commercial development nearby. This information is:
ANot material because it doesn't affect the physical property
BA material fact that the agent should disclose to a buyer client because it could affect the property's value and desirability✓ Correct
CConfidential information that can't be shared
DOnly disclosed if the buyer asks about the neighborhood
Explanation
Material facts are those a reasonable buyer would consider significant in making a purchasing decision. A pending nearby commercial development could significantly affect property value and quality of life.
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