“There is no penalty for a seller not disclosing defects. None.”
There is legal recourse. And if the agent was in cahoots, they could loose their license.
“And if the agent was in cahoots, they could loose their license.”
Name one. Never happens.
The excuse is, “Finding defects is what an inspection is for”, even though inspectors usually report nothing of significance.
“And if the agent was in cahoots, they could loose their license.”
Good luck proving collusion.