Tennessee Real Estate License Exam Practice Question
A listing licensee would be in violation of the Tennessee Residential Property Disclosure Act if which of the following facts known by him or her were NOT disclosed to the buyers?
Correct Answer: D
Rationale: Under the Tennessee Residential Property Disclosure Act, sellers must disclose material defects that could affect the property's value or safety. The discovery of termites in the back porch represents a significant issue that impacts the property's condition, thus requiring disclosure.
Option A, regarding a suicide, is not mandated for disclosure under the Act. Option B, the square footage, is generally considered a marketing detail rather than a material defect. Option C, the existence of other offers, pertains to negotiation strategy rather than property condition, making it non-essential for disclosure.
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