Illinois Real Estate Exam Practice Question
The Illinois Residential Real Property Disclosure Act requires the sellers to disclose that
Correct Answer: D
Rationale: Under the Illinois Residential Real Property Disclosure Act, sellers are mandated to disclose specific information about their property. Option D is correct as it requires sellers to inform potential buyers if they have occupied the property in the last 12 months, ensuring transparency regarding the property's condition and history.
Option A is incorrect; while stigmatized properties may be a concern, sellers are not legally obligated to disclose an occupant's medical status. Option B is also incorrect; minor issues like water intrusion during a storm do not require disclosure unless they cause significant damage. Option C is misleading; while a murder might affect a buyer's perception, sellers are not required to disclose such events unless they are deemed to materially affect the property’s value or desirability.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now