Oregon Real Estate Practice Test 2025 - Free Real Estate Practice Questions and Study Guide

We are currently upgrading our platform to provide you with a better experience. You can still access the practice tests, but some features may be temporarily unavailable. We appreciate your patience during this transition.

Remove ads, get exclusive features. Starting from $5.99

Question: 1 / 400

What must a seller do regarding known material defects?

Conceal them unless asked

Only disclose them to other agents

Disclose them to potential buyers

A seller is legally and ethically obligated to disclose known material defects to potential buyers. Material defects are issues that could affect the value or desirability of a property, such as structural problems, plumbing issues, or hazardous materials like lead paint or mold. This obligation ensures that buyers can make informed decisions based on the condition of the property.

By disclosing these defects, sellers not only comply with legal requirements but also foster trust and transparency in the transaction. This practice helps to prevent future disputes or legal complications that could arise if a buyer discovers undisclosed issues after the sale. Hence, disclosing known material defects aligns with the principles of honesty and fairness, which are foundational to real estate transactions.

Get further explanation with Examzify DeepDiveBeta

Leave them out of the property disclosure statement

Next Question

Report this question

Download Oregon Real Estate Practice Test 2025 - Free Real Estate Practice Questions and Study Guide PDF Study Guide

Oregon Real Estate Practice Test 2025 - Free Real Estate Practice Questions and Study Guide

Get the latest from Examzify