Who is responsible for divulging or discovering adverse material facts regarding the property?

The correct answer highlights the shared responsibility among the buyer, seller, and landlord in revealing or discovering adverse material facts regarding a property. This inclusiveness reflects the practical realities of real estate transactions, where various parties have a role in ensuring transparency and protecting their interests.

The seller has an obligation to disclose known issues about the property to potential buyers; this is often referred to as the duty to disclose. Similarly, the buyer is responsible for conducting their due diligence, which means they must investigate the property and ask pertinent questions to uncover any hidden defects or significant issues that might affect their decision to purchase. Landlords also share this responsibility, particularly when it comes to disclosing relevant information to tenants about a rental property that might affect their living conditions.

By acknowledging that all parties involved have a hand in revealing or discovering adverse material facts, the answer emphasizes the collaborative nature of due diligence and disclosure in real estate transactions. This collective responsibility helps to prevent disputes and ensures that all stakeholders are well-informed about the property in question.