MI RE Broker Practice Questions - Michigan Real Estate Broker Exam

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Under the Michigan Seller Disclosure Act, which of the following conditions must a seller disclose to a prospective buyer?

The amount of the seller's remaining mortgage balance Known defects in the foundation, basement, or structural components The names of all previous owners of the property The current market value as appraised by a licensed appraiser

Correct Answer:

Known defects in the foundation, basement, or structural components

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