Question

A house is being sold by a real estate broker on behalf of a homeowner. The basement leaks every time there's more than an inch of rain. The house is on a substandard-size lot, which will require a zoning variance to make any additions. The school district is rated in the bottom half of all districts in the state. And the furnace is 20 years old. Which of the following statements is least likely to be considered fraudulent misrepresentation?

Option 1: The house is on a substandard-size lot, which will require a zoning variance to make any additions.
Option 2: The basement leaks every time there's more than an inch of rain.
Option 3: The school district is rated in the bottom half of all districts in the state.
Option 4: The furnace is 20 years old

Answer 1

The least likely statement to be considered fraudulent misrepresentation is option 4: The furnace is 20 years old.

Step-by-step explanation:

The least likely statement to be considered fraudulent misrepresentation is option 4: The furnace is 20 years old.

This statement provides factual information about the age of the furnace, which can be verified and assessed by the buyer.

While an old furnace may require maintenance or replacement, it is not considered a misrepresentation as long as its age is accurately disclosed.