Which item is NOT a disclosure obligation of a seller's broker?

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Study for the Burk Baker National Test. Use flashcards and multiple choice questions with hints and explanations to prepare effectively. Get ready for your exam!

Multiple Choice

Which item is NOT a disclosure obligation of a seller's broker?

Explanation:
Disclosures by a seller’s broker revolve around facts that affect value or safety and how offers are handled. A broker must reveal known material facts about the property to the buyer and must present all offers to the seller so the seller can decide how to respond. Information about how long the property has been on the market, however, isn’t a fact about the property's condition or value. It’s a listing-history detail and doesn’t change what the property is or its inherent value, so it isn’t required to be disclosed. That’s why the length of time on the market is not a disclosure obligation.

Disclosures by a seller’s broker revolve around facts that affect value or safety and how offers are handled. A broker must reveal known material facts about the property to the buyer and must present all offers to the seller so the seller can decide how to respond. Information about how long the property has been on the market, however, isn’t a fact about the property's condition or value. It’s a listing-history detail and doesn’t change what the property is or its inherent value, so it isn’t required to be disclosed. That’s why the length of time on the market is not a disclosure obligation.

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