About the property condition was communicated

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Reference no: EM133901732

Question

Scenario C involves the sale of a property with significant issues, including unconsented work and a Notice to Fix. As you read through the details, pay close attention to: How information about the property's condition was communicated (or not communicated) to the potential buyer. The handling of important documents and their contents. The licensee's actions regarding the auction agreement and its terms. The overall fairness of the transaction process for all parties involved. Consider how these aspects relate to a licensee's obligations of good faith, fair dealing, and proper disclosure of information. Then answer the following questions. SCENARIO C Background A real estate agency listed a property for auction, advertised as two separate units (upper and lower floors). The seller informed the listing licensee that: The council deemed the downstairs dwelling 'illegal' A Notice to Fix was issued for several matters, including an unconsented kitchen The timeframe to meet the notice requirements had expired The property was to be sold 'as is', without remedying the issues The licensee did not record these issues on the listing agreement.

Reference no: EM133901732

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