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Answer :
A broker would not be liable if the buyer did not do a home inspection before purchase. The broker can only be held liable for issues within their knowledge, such as intentional misrepresentation or not disclosing known defects. Providing warranties or allowing inspections helps build trust in cases of imperfect information. So the correct option is C) The buyer failed to conduct a professional home inspection before purchasing the property.
A broker would not likely be held liable for the sale of a $1,000,000 house if the buyer failed to conduct a professional home inspection before purchasing the property. In this scenario, the responsibility to discover any potential issues with the property initially falls on the buyer as a matter of due diligence. The broker cannot be held accountable for the buyer's decision to refrain from a thorough investigation of the property.
The broker would indeed be held liable if they intentionally misrepresented the square footage of the property or failed to disclose known structural defects as these are cases of direct misinformation or omission. However, if the broker relayed false information about the property's age, which was provided by the seller and the broker was unaware of the falsehood, the broker would likely not be held liable as they would have no way of knowing the information was incorrect.
When dealing with imperfect information, issues of trust and verification arise, which makes it difficult for buyers and sellers to agree on a price. To reassure possible buyers, sellers might provide warranties, allow for inspections, offer return policies, or demonstrate the product's quality through certifications or independent reviews. So the correct option is C) The buyer failed to conduct a professional home inspection before purchasing the property.
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