Illinois Real Estate Exam Practice Question
The broker's principal is the seller. The buyer is a customer from a different brokerage company. The broker might be guilty of misrepresentation if the broker knows but chooses NOT to disclose, that the
Correct Answer: A
Rationale: Option A addresses a significant change that could drastically affect the buyer's enjoyment and value of the property. If the broker is aware that a park will be converted into a highway, this is a material fact that must be disclosed to avoid misrepresentation.
Option B, while concerning, may not be considered a material fact that directly impacts the property’s value or usability in the same immediate way as a highway construction.
Option C relates to the seller's personal situation, which typically does not need to be disclosed unless it affects the property’s sale.
Option D involves changing demographics, which is often subjective and less concrete than a planned highway, making it less likely to be classified as misrepresentation.
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