Agency
Material facts that a seller's agent in Oklahoma MUST disclose include:
AThe seller's divorce status if not relevant to the transaction
BKnown structural defects, environmental hazards, and legal encumbrances affecting the property✓ Correct
CThe seller's motivation for selling
DThe seller's desired net proceeds
Explanation
Oklahoma agents must disclose all known material facts about the property's condition, including structural defects, environmental issues, easements, and encumbrances. Seller's personal information and motivation remain confidential.
Related Oklahoma Agency Questions
- An agent who purchases property from their own client without full disclosure and the client's informed consent may be found to have violated the duty of:
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