Tennessee Real Estate License Exam Practice Question
If an owner wants to list a property for sale 'as is,' the listing agent should
Correct Answer: C
Rationale: Listing a property "as is" does not imply that the seller is absolved of responsibility regarding known defects. Therefore, questioning the seller about any known issues (Option C) is crucial for transparency and to protect both the seller and potential buyers.
Option A is misleading; a lower price is not guaranteed simply because the property is sold "as is." Option B incorrectly suggests that the listing agent has no responsibilities regarding undisclosed defects, which is not true; agents must adhere to disclosure laws. Option D inaccurately assumes the property’s condition without confirming specifics, which could mislead buyers.
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