Which of the following should a seller disclose if it occurred on the property?

Prepare for the Illinois Broker Reciprocity Exam. Use flashcards and multiple-choice questions complete with hints and explanations. Ace your exam!

The correct choice, regarding what a seller should disclose if it occurred on the property, involves the fact that they occupied the property recently. Disclosure about recent occupancy can provide potential buyers with context about the condition and history of the property. It may also hold significance in any assessments or inspections the buyer undertakes. Buyers often want to know who has lived in the property recently, as this can influence their decision-making process regarding potential repairs, renovations, or the property's overall condition.

In contrast, while all options involve elements of occupancy or events on the property, the other scenarios focus on issues that may not necessarily require disclosure in the same manner. For instance, maintenance issues from a recent storm may pertain to repairs but are often seen as part of regular upkeep that a buyer can assess independently. A death from natural causes on the premises typically falls under "stigmatized property" laws, where certain jurisdictions may not require such disclosures unless specifically asked. A serious illness of a previous occupant is generally considered private health information and not required to be disclosed as it does not impact the property's physical condition or value directly.

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