Alberta Real Estate Licensing Exam Practice · Question
Which of the following is considered a 'material latent defect' that a seller's real estate professional must disclose?
A material latent defect is a hidden flaw that significantly affects the property's value or use, which the buyer could not discover through reasonable inspecti
Start free practice for Alberta Real Estate Licensing Exam Practice
400 questions · no signup required · 40 free questions per day
Question: Which of the following is considered a 'material latent defect' that a seller's real estate professional must disclose?
Answer options: ✅ A leaky basement that is not visible during a showing
- A poorly maintained garden
- Ugly paint colors in the living room
- An increase in property taxes
Correct answer: A leaky basement that is not visible during a showing
Explanation: A material latent defect is a hidden flaw that significantly affects the property's value or use, which the buyer could not discover through reasonable inspection.
Start free practice for Alberta Real Estate Licensing Exam Practice
400 questions · no signup required · 40 free questions per day
More about Alberta Real Estate Licensing Exam Practice
Related Questions
- A buyer is purchasing a property for $550,000. They have secured a mortgage for $440,000. What is the Loan-to-
- Commission in Alberta is:
- A real estate associate, Sarah, is representing a buyer. While showing a property, the buyer expresses a stron
- An associate prepares a listing agreement for a seller. Which of the following is NOT typically required to be
- A brokerage receives a certified cheque for a $15,000 deposit on a residential property. Within how many busin
- A real estate associate, Maria, wants to purchase a property that her brokerage has listed. What is Maria's pr
More for Alberta Real Estate Licensing Exam Practice candidates
Study guides
FAQs
Question explanations
- A buyer is purchasing a property for $550,000. They have secured a mortgage for $440,000. What is the Loan-to-
- Commission in Alberta is:
- A real estate associate, Sarah, is representing a buyer. While showing a property, the buyer expresses a stron
- An associate prepares a listing agreement for a seller. Which of the following is NOT typically required to be
Ready to practice?
Free, no signup required. Build a wrong-question list as you go.
Start Free Alberta Real Estate Licensing Exam Practice Practice →Related courses
Other Canadian certifications candidates often prepare for alongside this one.