Test Drive/Lesson One | Introduction

  Terms

Click on the following important terms from Test Drive to review definitions in the online glossary.

  Learning Objectives

Upon completion of Test Drive, you should be able to:

•  Define material fact;
•  Describe the agent's statutory duty of disclosure;
•  Describe the Real Estate Transfer Disclosure Statement (TDS);
•  Describe the statutory requirements for delivery of the TDS;
•  Describe the agent's agent's duty to disclose based upon his/her superior knowledge;
•  Describe the agent's duty of verification;
•  Describe the facts of the Easton v. Strassburger case;
•  Define "red flag."

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