Texas Promulgated Contracts Practice Test

Question: 1 / 400

What occurs if a property listing does not include a disclosure of defects?

The listing is invalidated

Potential buyer interest may decrease

Legal penalties may be imposed on the seller

If a property listing does not include a disclosure of defects, legal penalties may indeed be imposed on the seller. In Texas, sellers are legally required to disclose known defects that could affect the property's value or desirability. Failure to do so can lead to serious consequences, such as lawsuits or financial penalties. Sellers who do not adhere to these disclosure requirements may find themselves liable for damages if a buyer discovers undisclosed issues after the sale.

This emphasis on full disclosure helps to protect buyers from purchasing properties that may have significant problems. Thus, the option highlighting legal penalties reflects the importance of adherence to disclosure laws in real estate transactions, ensuring transparency and fairness in the housing market.

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The property is sold as-is without repercussions

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