Agency
A Wyoming listing agent discovers that the seller's property has an undisclosed foundation crack. The agent's duty requires them to:
AKeep it confidential as it was told to them by the seller
BDisclose it to potential buyers as a material defect✓ Correct
COnly disclose it if the buyer asks directly
DDisclose it only to the WREC
Explanation
Wyoming agents have a duty to disclose known material defects to all parties in a transaction. A significant foundation crack is a material defect that must be disclosed to potential buyers regardless of the seller's wishes.
Related Wyoming Agency Questions
- When does a seller's agency relationship typically terminate in Wyoming?
- A Wyoming real estate agent's implied duties to a client—even if not stated in the agency agreement—include:
- In Wyoming, a buyer who begins working with multiple agents simultaneously without exclusive agency agreements:
- In Wyoming, a licensee who represents both the buyer and seller in the same transaction with both parties' written consent is called a:
- In Wyoming, material facts that a seller's agent must disclose to a buyer include:
- 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:
- In Wyoming, 'puffing' by a real estate agent is:
- In Wyoming, a property manager who is also a licensed broker and has their own real estate investments:
Practice More Wyoming Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wyoming Quiz →