Virginia State 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 plays a crucial role in protecting buyer interests. Ensuring that the buyer receives the disclosure before the contract is finalized allows them to make informed decisions.
Option A is incorrect because the seller is ultimately responsible for completing the disclosure, not the licensee. Option B misplaces the focus; while the seller must complete the disclosure, the timing of when the buyer receives it is critical before contract finalization, not just before closing. Option D, while emphasizing accuracy and timing, incorrectly implies that the licensee checks the disclosure, which is not their primary responsibility.
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