Check Understanding Review | ||
1. According to Article 2, which of the following is a Realtor® obligated to do: | ||
Correct Answer: | b. disclose pertinent facts that relate to a property they have listed | |
Explanation: | According to Standard of Practice 2-1, "Realtors® shall only be obligated to discover and disclose adverse factors reasonably apparent to someone with expertise in those areas required by their real estate licensing authority." Realtors® are not, however, obligated to discover latent defects in the property, to advise on matters outside the scope of their real estate license, or to disclose facts which are confidential under the scope of agency or non-agency relationships as defined by state law. |