California Real Estate Practice Exam

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Study for the California Real Estate Exam with confidence. Engage with interactive questions designed to enhance your understanding of real estate principles, laws, and practices. Prepare thoroughly for your licensing test and ensure you have the knowledge to succeed in your real estate career!

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If a broker lies about the condition of a property and the seller knows but says nothing, who is liable?

  1. Only the broker

  2. Only the seller

  3. Neither the broker nor the seller

  4. Both the broker and the seller

The correct answer is: Both the broker and the seller

Both the broker and the seller are liable in this situation. Even though the broker is the one who initially lied about the condition of the property, the seller is also responsible for not disclosing this information to the buyer. This can be seen as a form of fraud and deceit by both parties, making them both liable for any legal consequences. Therefore, options A, B, and C are incorrect as they only hold one party accountable while the correct answer is D, which holds both the broker and seller responsible.

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