Question 1 & Explain Answer Please

Five months ago, an agent listed a property which is still unsold. The agent continues marketing the property by hosting an open house every Sunday. A neighbor enters the Sunday showing and inquires why the property has been on the market for so long, and asks what has motivated the homeowner to sell? The listing agent knows the property is stigmatized and rumored to be haunted.

What is the most proper step for the agent to take concerning disclosure?

A - The agent should disclose because of the duty to report material facts. B - The agent has a duty to seller and should not disclose unless given permission. C - The agent has a duty to disclose information to neighbor and sell the property. D - the agent should disclose information if it does not affect negotiating a sale or the list price.

Question 2

You are the managing broker at a large brokerage firm. You receive a call from the seller, who sold a home through your firm. The contract required the seller to make an estimated $900 in plumbing repairs. The seller says, "I gave one of your licensees, $900 of my money to have the work done." The work was completed but the seller does not believe the cost was $900. She wants a receipt for the work and any remaining money returned.

After meeting with the seller, you know that the agent received a $900 check from the seller and arranged to have plumbing repairs completed. The agent produced a receipt for the repairs in the amount of $800. The agent said she deposited the $900 in her personal account to pay for the repairs about 2 weeks ago. She further explained that she still has the balance of $100, but simply forgot to return the money to the seller. What should you do?

A - Direct the agent to refrain from this in the future or she will be terminated. B - Have the seller address his concerns with the agent directly. C - Set up an appointment with the seller. D - Recommend that the seller contact the closing attorney. E - Advise the seller to call the plumber to discuss the issue, F - Explain to the seller that the agent is an inexperienced licensee, G - Personally apologize, explain what happened and give the seller the receipt and a $100 check.