Agency
Under Wisconsin agency law, a buyer's agent who learns that the seller's property has a serious defect not visible during the inspection must:
AKeep this information confidential to protect the seller
BDisclose the defect to their buyer client, as the duty of disclosure to the client overrides other considerations✓ Correct
COnly report it to the listing broker
DIgnore it if the seller has not disclosed it
Explanation
A buyer's agent owes a fiduciary duty of disclosure to their client; if they become aware of a material defect, they must disclose it to the buyer regardless of where the information came from.
Related Wisconsin Agency Questions
- A Wisconsin licensee who provides information about a property to a customer (non-client) owes:
- When a Wisconsin licensee acts as a 'facilitator' (transaction broker), they owe both parties:
- Under Wisconsin agency law, a broker representing the seller owes which duty to the buyer?
- A Wisconsin seller's agent learns that the seller plans to repaint the home before listing to cover water stains. What is the agent's obligation?
- In Wisconsin, multiple representation (dual agency) requires:
- A Wisconsin listing agent learns that the seller is divorcing and must sell quickly. This information is:
- A Wisconsin licensee who represents a seller must disclose to that seller if the licensee has a personal financial interest in the transaction, such as:
- Under Wisconsin law, a buyer's agent owes the buyer all of the following duties EXCEPT:
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →