Tennessee Real Estate Exam Practice Question
A listing licensee violates the Tennessee Residential Property Disclosure Act if which undisclosed fact is later discovered?
Correct Answer: D
Rationale: Under the Tennessee Residential Property Disclosure Act, sellers must disclose material facts affecting the property's value or desirability. Discovery of termites in the back porch is significant because it directly impacts the property's condition and safety, making it a material defect that must be disclosed.
Option A, a suicide, while sensitive, is not required to be disclosed under the Act. Option B, square-footage, is typically considered a factual representation rather than a material defect. Option C, existence of other offers, pertains to negotiation strategies and does not affect the property's physical condition or value.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now