PSI Oklahoma Real Estate Practice Test

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Prepare for the PSI Oklahoma Real Estate Test. Access flashcards and multiple choice questions, each with hints and explanations. Excel in your exam!

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Which of the following scenarios would require a real estate broker to disclose information?

Only if the buyer requests it
If the property has a major defect
The broker has no requirement to disclose anything
When the seller gives consent

The correct answer is: If the property has a major defect

A real estate broker is required to disclose information, particularly when it pertains to major defects in a property. This obligation stems from legal and ethical standards within the real estate profession designed to protect buyers and ensure they have all the relevant information necessary to make informed decisions. When a property has a major defect—such as significant structural issues, problems with the foundation, or hazardous materials like mold or lead—it's crucial for the broker to inform the buyer. This requirement is rooted in the principle of transparency and the duty to act in the best interest of the client. Failure to disclose such critical information can lead to legal repercussions for the broker, as it may be seen as misrepresentation or withholding material facts. In contrast, simply waiting for a buyer to request information or assuming consent from the seller does not fulfill the broker's obligation to disclose vital property details. Therefore, recognizing the significance of major defects and the necessity for disclosure reflects the broker's role as a trusted advisor and protector of the interests of those involved in a real estate transaction.