Question

What is true about a material fact that must be disclosed by a licensee?

A. All parties considering the property would consider the material fact in the same way.
B. All material facts relate to physical conditions.
C. Material facts are only those which can be easily seen or discovered.
D. A material fact may have more or less of an effect on a buyer based on the buyer's needs and values.

Answer 1

A material fact that must be disclosed by a licensee is a fact that may have varying effects on a buyer based on their needs and values. Therefore, the correct option is D.

Step-by-step explanation:

A material fact that must be disclosed by a licensee is a fact that is relevant and significant in the decision-making process of a buyer. The answer to this question is D. A material fact may have more or less of an effect on a buyer based on the buyer's needs and values.