Agency
The real estate doctrine of 'caveat emptor' (let the buyer beware) has been significantly limited in Tennessee by:
ATREC's license law
BThe Tennessee Residential Property Condition Disclosure Act and seller/agent disclosure obligations✓ Correct
CThe Tennessee Consumer Protection Act exclusively
DFederal HUD regulations
Explanation
While caveat emptor was historically the rule in real estate, modern Tennessee law — particularly the Residential Property Condition Disclosure Act — requires sellers and agents to proactively disclose known material defects, substantially limiting the buyer-beware doctrine.
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