To review Chapter 9, “Real Estate Agency Law,” read and answer the following True/False questions.
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Question 1 of 5
Most states require a seller to provide a written statement disclosing known defects in the property.CorrectIncorrect
Question 2 of 5
Punitive damages is the standard remedy awarded by the court to a prevailing party in a lawsuit.CorrectIncorrect
Question 3 of 5
Puffing refers to a real estate agent’s exaggerated statements about the quality of a property, statements that could be the basis of a lawsuit filed by a buyer.CorrectIncorrect
Question 4 of 5
A latent defect is a problem with the structure or other aspect of the property that isn’t observable from casual inspection.CorrectIncorrect
Question 5 of 5
In all states, agents have a duty to inspect the property for hidden defects.CorrectIncorrect