As a dual agent, which of the following can a licensee disclose?

Prepare for the Illinois Residential Leasing Agent Test. Use our quiz to practice with flashcards and multiple choice questions. Each question provides hints and explanations. Ace your exam!

The correct choice emphasizes that a licensee, acting as a dual agent, has the obligation to disclose all known latent material defects regarding the property. Latent defects are issues that are not immediately visible and could significantly affect the property's value or desirability.

In the context of dual agency, a licensee must ensure that both parties—buyer and seller—are treated fairly while adhering to legal obligations. The requirement to disclose known defects aligns with ethical practices and the duty to inform both parties. This disclosure helps maintain transparency and trust throughout the transaction, ensuring that both the buyer and seller make informed decisions based on the property's condition.

In contrast, the other options may violate the principles of dual agency or raise ethical concerns. For instance, recommending a price for a buyer or disclosing confidential buyer information to the seller could compromise the interests of one party or the other in a dual agency situation. Additionally, revealing a seller's acceptable price without permission could lead to conflicts of interest or breach of fiduciary duty, undermining the integrity of the agent's role in the transaction.

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