California Real Estate Practice Exam

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Study for the California Real Estate Exam. Engage with multiple choice questions and detailed explanations to sharpen your knowledge. Get ready to ace your real estate career!

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Who is held liable if a seller misinforms an agent about the age of a furnace, and the agent passes that information to the buyer?

  1. The buyer

  2. The agent

  3. The seller

  4. Both the agent and the seller

The correct answer is: The seller

If the seller misinforms an agent about the age of a furnace, the seller holds the liability because they provided incorrect information and ultimately, are responsible for providing accurate and truthful information regarding the property they are selling. The buyer is not held liable because they are relying on information provided by the seller and their agent. The agent is also not held liable because they are acting in good faith and only passing on information given to them by the seller. Therefore, in this scenario, the seller would be responsible for any potential issues or liabilities resulting from the misinformation about the furnace.

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