California Real Estate Practice Exam

How long does a buyer have to sue a broker for not disclosing water damage in a house?

1. One year

2. Two years

3. Three years

4. Five years

The correct answer is: Two years

It is important to understand the time frame for taking legal action against a broker for not disclosing water damage in a house. In this case, the buyer has two years from the date of purchasing the property to file a lawsuit. A one-year deadline is too short and may not provide enough time to discover or investigate the issue of water damage. Similarly, a three or five-year period may be too long, and judicial decisions may be more difficult to obtain due to the passage of time. Therefore, the best option is two years, providing an adequate amount of time for the buyer to take legal action if necessary.