After the purchase of a house, if the roof leaks and was previously disclosed as leaking, what can the buyer do?

Prepare for the South Dakota Real Estate Test. Ace your exam with flashcards and multiple choice questions. Each question is supported with hints and explanations to help you succeed!

The correct choice indicates that buyers have certain rights regarding the disclosure of known defects such as a leaky roof. In real estate transactions, sellers are typically required to disclose any material defects that affect the value or desirability of the property. If a leak was disclosed before the purchase, it becomes significant because it demonstrates that the buyer was made aware of the issue prior to closing the deal.

In this situation, if the buyer believes that the broker misrepresented or did not thoroughly disclose the severity of the leak, the buyer may have grounds to take legal action against the broker. This could involve filing a suit for nondisclosure or misrepresentation if the broker's actions caused harm to the buyer, such as financial loss or unexpected repair costs.

While the other options may seem plausible, they do not acknowledge the legal recourses available to the buyer if they feel that the broker failed to meet their fiduciary duties regarding the disclosure. The possibility of negotiating a repair price or reporting to the local board does not directly address the legal implications of nondisclosure that the buyer might want to pursue in light of the previously disclosed condition.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy