Illinois Real Estate Exam Practice Question
In a jurisdiction where a seller's property condition disclosure is required, the licensee is responsible for
Correct Answer: C
Rationale: In jurisdictions requiring a seller's property condition disclosure, the licensee’s primary responsibility is to ensure that the buyer receives this disclosure before the contract is finalized (Option C). This timing is crucial as it allows the buyer to make informed decisions prior to committing to the purchase.
Option A is incorrect because the seller, not the licensee, is responsible for completing the disclosure. Option B misplaces the focus; while the seller must complete it, the licensee’s role is to ensure the buyer receives it timely, not just before closing. Option D, while partially correct, emphasizes checking for accuracy and overlooks the critical timing aspect of providing the disclosure before the contract is finalized.
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