Which question is a licensee required to answer concerning a property?

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

A licensee is required to answer questions that pertain to the physical condition of a property and any known defects that could impact a buyer’s decision. Therefore, inquiries such as whether the roof leaks are fundamental. Such questions relate directly to the material facts of the property, which a licensee has a duty to disclose to ensure that potential buyers or renters are fully informed about the property they are considering.

Questions regarding the seller's ethnicity and marital status are not relevant to the transaction and violate fair housing laws. These inquiries can lead to discrimination and are thus inappropriate for a licensee to address. Similarly, while the question about a suicide on the property may seem like a significant concern, it is categorized differently in the context of disclosure laws and only needs to be disclosed under specific circumstances, which vary by jurisdiction.

In summary, questions focusing solely on the physical or structural condition of the property, like whether the roof leaks, are directly related to a contractual obligation to inform and protect potential buyers, making it essential for a licensee to provide accurate answers.

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