Question

BRRETA requires the broker to disclose which of the following to a prospective tenant

A. All material facts within the defined neighborhood boundary
B. All material facts within one mile of the subject property
C. Only those facts which are available through an inspection of public records
D. All public records which are not available for inspection by the prospective tenant

Answer 1

All material facts within the defined neighborhood boundary. Brokers are required to disclose information about factors that could affect the desirability, value, or use of the property being rented. The correct option is (A).

Step-by-step explanation:

The correct answer is A. All material facts within the defined neighborhood boundary.

Under the BRRETA (Brokerage Relationships in Real Estate Transactions Act), brokers are required to disclose all material facts within the defined neighborhood boundary to prospective tenants.

This means that brokers must provide information about factors that could affect the desirability, value, or use of the property being rented, such as crime rates, potential noise or nuisance issues, or any other relevant information specific to the area.

For example, if there is a high crime rate within the neighborhood boundary, the broker must inform the prospective tenant about this fact.

Similarly, if there is a nearby landfill or factory that could impact the quality of life in the area, the broker must disclose this information as well.