KS Real Estate Exam 2023 with 100% correct answers
What duties are owed to the buyer when representing the seller? - correct answer1.) Disclose known material defects w/ the property or title 2.) Seller's agent has no o ligation to investigate the property for the buyer 3.) If seller's agent knows something was incorrect in an inspection the seller's agent has the duty to inform the buyer & seller 4.) IF licensee does investigate the property he/she must do so in a manner that is consistent w/ the knowledge, skills, and training of someone who holds a real estate license Material Defects: - correct answerproblems/conditions that are likely to impact the buyer's interest in the property Transaction brokers do not ___________ - correct answerGIVE ADVICE Everyone a transaction broker works with is their ____________ - correct answerCustomer NOT client Confidential info cannot be disclosed when working w/ a - correct answerTRANSACTION BROKER Confidential info CAN be disclosed when working w/ a - correct answerTransaction broker IF they are working w/ COMMERCIAL REAL ESTATE State agency that governs real estate licensees through regulations that bring order to the real estate industry ULTIMATELY to protect consumers - correct answerKREC
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