National Lesson 6

Question 1

A(n) _________ does not indemnify seller against unknown defects, but does protect seller against disclosed defects.

Answer 1

Disclosure Form

Question 2

_____ are not visible or apparent.

Answer 2

Latent Defects

Question 3

__________ states that the agent must divulge any known material defects in property, representation in writing, and any conflicts of interest.

Answer 3

Agent Disclosure

Question 4

A property with a stigma attached to it due to the previous owner or owners is called ____q_____.

Answer 4

Agent Disclosure

Question 5

A ___________ provides protections to the buyer after the sale, usually covering important aspects of the home such as HVAC and major appliances.

Answer 5

Home Warranty