Agency
In Washington, a seller's agent who knows the property has a cracked foundation hidden behind finished drywall must:
ADisclose the defect to prospective buyers even if the seller objects✓ Correct
BKeep the information confidential because of client loyalty
CDisclose only to the buyer's agent privately
DDisclose only after the buyer submits an offer
Explanation
Under RCW 18.86, a broker must disclose adverse material facts known to the broker that would affect the value or desirability of the property, even if the seller objects.
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Key Terms to Know
Buyer's Agent
A real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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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