Agency
A Pennsylvania listing broker who knows the property has an active termite infestation must:
AKeep it confidential since it's the seller's property condition issue
BDisclose it to prospective buyers as a known material defect✓ Correct
COnly disclose if a buyer specifically asks about pests
DWait for the home inspection to reveal it
Explanation
An active termite infestation is a material defect that a listing broker with knowledge of the condition must disclose to prospective buyers. The duty to disclose known material facts overrides the client's interest in concealing the condition.
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Key Terms to Know
Lien
A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
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