Freehold
Property Disclosures term
A legal doctrine meaning 'let the buyer beware,' historically limiting a seller's disclosure obligations, though largely eroded in modern practice.
This term belongs to Property Disclosures. The questions below are real items from Freehold's bank that use it - each one cites its source.
Every Freehold question shows why the right answer is right — and cites its source.
Vicarious liability in agency law is grounded in the legal doctrine known as:
Respondeat superior — Respondeat superior, meaning 'let the master answer,' is the doctrine holding an employer or principal responsible for an employee's or agent's acts within the scope of the relationship.
Source: PSI National Real Estate Exam Content Outline §5 General Principles of Agency
A lender's policy that has a discriminatory effect on a protected class, even without intentional discrimination, may still violate fair housing law under the theory of:
Disparate impact — Disparate impact liability applies when a facially neutral lending policy disproportionately and unjustifiably harms members of a protected class, even absent proof of intentional discrimination.
Source: PSI National Real Estate Exam Content Outline §4 Financing
See every term in this area: Property Disclosures glossary