Solved

Hill Contacted Caccamo, a Real Estate Agent, About Purchasing a Condo

Question 118

Multiple Choice

Hill contacted Caccamo, a real estate agent, about purchasing a condo for investment purposes in the Shaker Heights area. Hill eventually bought a condominium through Caccamo, but did not learn until after closing that rental of the units was controlled by the condominium board and the board refused to allow Caccamo to rent out the condo. Which of the following is an accurate description of Caccamo's responsibility to Hill?


A) It is Hill's responsibility to determine any restrictions on the leasing of property before buying that property.
B) Caccamo had a responsibility to let Hill know of the restriction because she had told him she was buying for investment purposes.
C) If Hill was given a copy of the CCRs at closing, then Caccamo has no responsibility or liability for the failure to disclose the restriction.
D) Caccamo's responsibility and liability depends on whether he was a dual agent.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents