Agency
A Virginia buyer's agent discovers that the seller's disclosure statement omitted a known flooding issue in the basement. The agent's obligation is to:
AKeep it confidential since the agent represents the buyer, not the seller
BDisclose the known flooding issue to the buyer as a material fact✓ Correct
CReport it to VREB without telling the buyer
DOnly disclose it if the buyer specifically asks about flooding
Explanation
Under Virginia agency law, a buyer's agent must disclose material facts affecting the property to their buyer client, including known defects omitted from the seller's disclosure. The agent's duty to their client requires full disclosure of known material information.
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