Agency
A Wyoming buyer's agent discovers that the seller has not disclosed a known roof leak. The buyer's agent should:
AKeep it confidential from the buyer as the seller's information is protected
BDisclose the known material defect to the buyer despite the seller's non-disclosure✓ Correct
CCancel the buyer's agency agreement
DContact the WREC before disclosing to the buyer
Explanation
A known roof leak is a material defect that must be disclosed. Even if the buyer's agent learns of it from the seller (or through their own observation), they have a duty to disclose material defects to their buyer client. The duty to disclose material facts overrides confidentiality in this case.
Related Wyoming Agency Questions
- An exclusive right-to-sell listing in Wyoming means:
- In Wyoming, 'puffing' by a real estate agent is:
- An agent who makes an unauthorized profit from a transaction without the principal's knowledge has violated the duty of:
- In Wyoming, a transaction broker (non-agent) owes which duties to the parties?
- In Wyoming, the agency disclosure must be provided to a consumer:
- In Wyoming, the concept of apparent agency arises when:
- A Wyoming seller's agent who learns that the buyer is facing financial hardship and may not be able to close should:
- A buyer in Wyoming makes an offer on a property listed with the same brokerage that the buyer's agent works for. The buyer and seller have not consented to dual agency. The agents should:
Practice More Wyoming Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wyoming Quiz →