Question 31

The listing broker must measure the square footage of the property

The statement that the listing broker must measure the square footage of the property is incorrect. The Square Footage Disclosure does not mandate that the listing broker is responsible for this measurement.

A) The disclosure applies only to residential real estate

This statement is correct. The Square Footage Disclosure is specifically designed for residential real estate, ensuring that the information provided pertains to home buyers and sellers in that sector.

B) Buyers and sellers are advised to verify square footage information

This statement is also correct. The disclosure encourages both buyers and sellers to independently verify the square footage information, emphasizing the importance of accuracy in real estate transactions.

C) Square footage measurements are not for loan or valuation purposes

This statement is correct as well. The Square Footage Disclosure clearly states that the measurements provided should not be relied upon for loan approvals or property valuations, highlighting their intended use for informational purposes only.

D) The listing broker must measure the square footage of the property

This statement is incorrect. The Square Footage Disclosure does not require that the listing broker take on the responsibility of measuring the property’s square footage, indicating that this task is not explicitly assigned to them.

Conclusion

The correct answer is D, as it inaccurately represents the responsibilities outlined in the Square Footage Disclosure. Options A, B, and C accurately reflect the guidelines established by the commission, while D fails to align with the disclosure's intentions and requirements.