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Frank, A Licensed Indiana Salesperson, Was Describing His Client's Listing To Ben, A Buyer's Agent From Another Brokerage Firm. Frank Told Ben That The Furnace Was New, When In Fact It Was 20 Years Old. Frank's Client (The Seller) Was Unaware Of His Misrepresentation. Which Of The Following Is True Regarding This Situation? 1 Since Frank Did Not Put It In Writing, This Is Not Considered Disclosure Of A Material Fact About The Seller's Property. 2 Frank, The Licensee, And His Principal Broker Both Face Liability. 3 The Seller Is Liable For The Statements That Frank Made To Ben, Even Though He Was Not Aware Of Frank's Actions. 4 Since Ben's Buyer Was Not Interested In The House, There Is No Violation.

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The Indiana Prelicensing Broker Course topics are: 1. Introduction to Real Property 2. Public & Private Land-Use Control 3. Estate Ownership, Rights & Interest 4. Deeds & Property Transfers 5. Property Titles 6. Property Value & Appraisal 7. Introduction to Real Estate Contracts 8. Real Estate Agencies & Agency Relationships 9. Listing Agreements & Property Management 10. Fair Housing & Consumer Protection 11. Risk Management in Real Estate 12. Property Disclosures 13. Introduction to Real Estate Financing 14. Real Estate Lender Requirements 15. Federal Real Estate Financing... Show more

1. Frank, A Licensed Indiana Salesperson, Was Describing His Client's Listing To Ben, A Buyer's Agent From Another Brokerage Firm. Frank Told Ben That The Furnace Was New, When In Fact It Was 20 Years Old. Frank's Client (The Seller) Was Unaware Of His Misrepresentation. Which Of The Following Is True Regarding This Situation? 1 Since Frank Did Not Put It In Writing, This Is Not Considered Disclosure Of A Material Fact About The Seller's Property. 2 Frank, The Licensee, And His Principal Broker Both Face Liability. 3 The Seller Is Liable For The Statements That Frank Made To Ben, Even Though He Was Not Aware Of Frank's Actions. 4 Since Ben's Buyer Was Not Interested In The House, There Is No Violation.





 
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