Agency
Under Washington's Law of Real Estate Agency, a broker representing a seller must disclose to the buyer:
AThe seller's lowest acceptable price
BKnown defects that materially affect the property's value✓ Correct
CThe seller's financial situation
DAll offers previously rejected by the seller
Explanation
Even while representing the seller, a Washington broker must disclose adverse material facts — such as known defects — to the buyer. The broker cannot withhold information that would materially affect the buyer's decision.
Related Washington Agency Questions
- A Washington buyer's agent discovers after an accepted offer that the property is in an area the buyer had previously said they didn't want to live in. The agent failed to confirm this before writing the offer. The agent's failure is:
- In Washington State, the law governing agency relationships in real estate is found in:
- The Washington agency pamphlet 'The Law of Real Estate Agency' must be provided before:
- Under RCW 18.86, which of the following is a duty owed exclusively to a seller-client (not to a buyer-customer)?
- Under Washington's Law of Real Estate Agency (RCW 18.86), a real estate broker owes all clients the duty of:
- Washington's statutory agency duties include which of the following duties owed to ALL parties (not just clients)?
- A Washington buyer's agent shows the buyer a FSBO (For Sale By Owner) property. For compensation, the agent would need to:
- A Washington broker representing a buyer finds a property where the listing broker is from a competing firm. What is the standard agency arrangement?
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