New Jersey Real Estate Practice Exam Practice Question
When the seller lacks knowledge of an item on the property condition disclosure, the listing agent should
Correct Answer: D
Rationale: When the seller lacks knowledge about an item on the property condition disclosure, notifying the buyer's agent is essential for transparency and trust in the transaction. This allows the buyer to make informed decisions.
Option A, providing an implied warranty, is misleading as it suggests guarantees that may not exist. Option B, waiving all inspections, could lead to significant risks for the buyer, as they may miss critical issues. Option C, completing the form for the client, could misrepresent the seller’s knowledge and liability, which is unethical. Thus, communication with the buyer's agent is the best practice to ensure clarity and protect all parties involved.
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