BC Real Estate Trading Services Licensing Exam Practice · Question
A licensee aware of a material latent defect must:
Material latent defects must be disclosed in writing to potential buyers regardless of seller instructions.
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Question: A licensee aware of a material latent defect must:
Answer options: ✅ Disclose it to the buyer in writing, even if the seller refuses
- Keep the seller's confidence
- Disclose only if asked
- Add it to the listing only after closing
Correct answer: Disclose it to the buyer in writing, even if the seller refuses
Explanation: Material latent defects must be disclosed in writing to potential buyers regardless of seller instructions.
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Question explanations
- A developer, Grandview Developments Ltd., plans to build a new condominium project in Kelowna. They register a
- Michael, a real estate licensee, is assisting his client Jane in purchasing a commercial property at 123 Main
- A buyer, David, has entered into a Contract of Purchase and Sale for a vacant lot in Tofino. David's lawyer di
- Maria is purchasing a unit in a newly constructed strata building in Squamish. Her real estate licensee, Ken,
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