Agency
In Texas, a real estate agent's obligation to disclose 'all material facts' includes which of the following known conditions?
AThe seller's personal financial situation
BThat the property is located near a proposed highway expansion that would affect traffic patterns✓ Correct
CThe personal relationship status of the seller
DInformation about neighborhood politics
Explanation
A known proposed highway expansion that would significantly affect a property's access, traffic, noise, and value is a material fact that a license holder must disclose. Material facts are those that would affect a buyer's decision to purchase or the price they would pay. Agents must proactively disclose such information even if not asked.
Related Texas Agency Questions
- In Texas, the Information About Brokerage Services (IABS) notice must be provided:
- In Texas, an agent who represents a buyer in a purchase and also represents the tenant in a lease of the same property at different times has:
- A Texas buyer makes an offer on a home. Their buyer's agent advises them to offer 10% below asking price without substantive market analysis. The agent may be:
- Subagency in Texas real estate refers to:
- In Texas, an 'intermediary' broker is one who:
- When a Texas broker acts as an intermediary, they are generally prohibited from:
- A Texas listing agent who learns their seller-client intends to not disclose a known foundation problem is obligated to:
- The duty of confidentiality in a Texas agency relationship requires an agent to:
Practice More Texas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Texas Quiz →