Alberta Real Estate Licensing Exam Practice · Question
Which of the following is considered 'material latent defects' that a seller's real estate professional must disclose to a prospective buyer?
A material latent defect is a hidden flaw that would impact a reasonable buyer's decision and is not easily discoverable. A cracked foundation fits this descrip
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Question: Which of the following is considered 'material latent defects' that a seller's real estate professional must disclose to a prospective buyer?
Answer options:
- A leaky basement that has been fully repaired and warrantied
- An outdated kitchen with original appliances ✅ A cracked foundation that is not visible without removing drywall
- Minor cosmetic wear and tear on flooring
Correct answer: A cracked foundation that is not visible without removing drywall
Explanation: A material latent defect is a hidden flaw that would impact a reasonable buyer's decision and is not easily discoverable. A cracked foundation fits this description.
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