Michigan Real Estate Exam Practice Question
If an owner wants to sell a property 'as is,' the listing agent should:
Correct Answer: C
Rationale: When a property is sold "as is," the seller may still be held liable for undisclosed defects, making it essential for the listing agent to inform the seller of this risk (Option C). This ensures that the seller understands their responsibilities and can make informed decisions.
Option A is incorrect because assuming the seller will accept a low offer undermines the negotiation process and does not reflect the true value of the property.
Option B misrepresents the agent's responsibilities; agents are not automatically relieved of liability for undisclosed defects.
Option D is misleading, as it does not address the nature of the sale and could create confusion about negotiation flexibility.
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