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National Real Estate Exam: Property
Disclosure Questions and Answers | Latest Version | 2025/2026 | Correct & Verified
What is the primary purpose of a property disclosure statement?✔✔ To inform the buyer of known material defects in the property
Who is responsible for completing the property condition disclosure?✔✔ The seller
If a seller is aware of a leaky roof, must they disclose it to the buyer?✔✔ Yes
Is a real estate agent required to disclose a known foundation issue?✔✔ Yes
Are sellers required to disclose the presence of lead-based paint in a home built before 1978?✔✔ Yes 1 / 2
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Can a seller say "as is" and avoid disclosure of known defects?✔✔ No
If a buyer waives inspection, must the seller still provide disclosures?✔✔ Yes
Is mold considered a material defect that should be disclosed?✔✔ Yes
Must a death on the property always be disclosed?✔✔ Only if it materially affects the value or is required by state law
Should previous flooding be disclosed even if repairs were made?✔✔ Yes
If a seller made unpermitted additions, must that be disclosed?✔✔ Yes
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