Arkansas Real Estate License Exam

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An Arkansas real estate agent representing a seller learns from the seller that the roof, which appears new, has a significant, actively leaking defect that they have tried to patch unsuccessfully. A potential buyer, who is a customer and not represented by an agent, does not ask about the roof. What is the agent's duty in this situation?

To disclose the known material defect to the potential buyer, as it impacts the property's value and desirability. To maintain confidentiality and not disclose the leak unless directly asked by the buyer. To tell the buyer that the roof is new and therefore has no issues. To advise the seller to lower the price to account for the leak without disclosing the specific reason.

Correct Answer:

To disclose the known material defect to the potential buyer, as it impacts the property's value and desirability.

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