National Real Estate Exam Quiz
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PROPERTY DISCLOSURES AND ENVIRONMENTAL ISSUES
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A seller performed DIY electrical work without permits; how should this be handled in disclosures?
A
Disclose the unpermitted work because it may affect safety, insurability, and value.
B
Disclose only if the buyer is using a VA loan that requires additional inspections.
C
Disclose nothing because buyers assume older homes contain some unpermitted repairs.
D
Disclose only after the buyer signs, to avoid discouraging offers during marketing.
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