Michigan Real Estate Exam Practice Question
A broker must provide disclosure of material issues when using an average if:
Correct Answer: C
Rationale: Disclosure of material issues is crucial in real estate transactions to ensure transparency and protect all parties involved. When a broker has any economic interest in the property (Option C), it creates a potential conflict of interest that must be disclosed to maintain ethical standards and trust.
Option A is incorrect because simply informing every party does not address the need for disclosure related to economic interests. Option B is irrelevant as evaluating teamwork does not pertain to material issues. Option D, while it may suggest a personal connection, does not inherently require disclosure unless it affects the transaction's integrity.
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