Illinois Real Estate Exam Practice Question
A licensee represents the seller of a commercial property. The licensee tells the buyer a new highway exit ramp will be built within six months to give access to the property, although the licensee knows that is only one of several possibilities being considered by local planners. The exit ramp is subsequently located elsewhere. Could the licensee be liable to the buyer for the statement about the ramp?
Correct Answer: D
Rationale: The licensee's statement about the highway exit ramp constitutes a material misrepresentation because it presents a factual assertion that the licensee knows to be uncertain. This misinformation could mislead the buyer into making a decision based on incorrect premises.
Option A is incorrect as the statement is not merely an opinion; it presents a specific claim about a future event. Option B fails because the licensee's liability arises from the misleading statement, regardless of the planners' decisions. Option C is wrong because the statement is not mere puffing; it conveys a concrete expectation rather than an exaggerated claim.
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