Law Contract

Liberty University

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Broker Contract Law: Questions & Answers: Latest Updated: A+ Score Guide
  • Broker Contract Law: Questions & Answers: Latest Updated: A+ Score Guide

  • Exam (elaborations) • 41 pages • 2024
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  • While previewing a house, the salesperson notices water stains behind the draperies. the owner, when asked, denied there were any water problems. If the salesperson shows the property and fails to mention the water stains, the salesman is guilty of: a. fraud b. misrepresentation c. nothing, because his fiduciary responsibility is to the owner d. puffery (Ans- A (material facts) As evidence of leakage or flooding, water stains are material facts that must be disclosed, if known by the sale...
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