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T/F:Real estate professionals should ask the seller whether they have a real property report when listing the property

1 Answer

5 votes

Final answer:

Real estate professionals should ask the seller for a real property report when listing the property to disclose important information to potential buyers and enhance the marketability of the property.

Step-by-step explanation:

Yes, it is true that real estate professionals should ask the seller whether they have a real property report when listing the property.

This is an important step in the process as the real property report provides essential information about the property, such as its legal boundaries, dimensions, and any encroachments or easements. By obtaining the real property report, the real estate professional can ensure that all necessary information is disclosed to potential buyers, which can help prevent future legal issues.

Furthermore, having a real property report can enhance the marketability of the property as it provides potential buyers with a comprehensive understanding of the property's features and any potential limitations. For example, if there is a landfill next door or a factory across the street, this information would be included in the real property report.

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