Question

Omission is the deliberate attempt of a broker to withhold or omit pertinent information to all parties in a transaction. Which of the following is NOT an example of omission by a broker?

(A) Failing to disclose to a buyer that the property they are interested in has a history of flooding.
(B) Telling a seller that they can get a higher price for their property than they realistically can.
(C) Failing to disclose to a buyer that the property they are interested in is next to a busy highway.
(D) Telling a buyer that they can get a mortgage with a lower interest rate than they realistically can.

Answer 1

Omission is the deliberate attempt of a broker to withhold or omit pertinent information to all parties in a transaction. Option (B) telling a seller that they can get a higher price for their property than they realistically can is not an example of omission by a broker.

Step-by-step explanation:

Omission is the deliberate attempt of a broker to withhold or omit pertinent information to all parties in a transaction. In this case, the broker is intentionally not disclosing relevant information to either the buyer or the seller. Option (B) telling a seller that they can get a higher price for their property than they realistically can is not an example of omission by a broker. This is an example of providing false information or exaggerating potential outcomes, which is different from omitting pertinent information.