A licensee representing a seller states that a new highway exit ramp will be built soon. If this statement was false, could the licensee be held liable?

A licensee can indeed be held liable for making a false statement regarding a material fact, such as the construction of a new highway exit ramp. This statement is significant because it pertains to a potential change in the property's accessibility and desirability, which could influence a buyer's decision. If the licensee falsely claims that an exit ramp will be built, this misrepresentation can be considered material because it relates directly to the value and attractiveness of the property being sold.

In real estate transactions, it is crucial for licensees to provide accurate information regarding material facts that may affect a buyer's investment. Misrepresenting such facts, knowingly or unknowingly, goes against the ethical standards and legal obligations of real estate professionals. Therefore, if it is proven that the licensee made a false statement about the construction of the exit ramp, they could be held liable for a material misrepresentation.

The other options do not adequately recognize the seriousness of making a false statement about a material fact. While opinions may be subjective and not legally binding, this specific statement about future construction projects carries significant weight in the realm of real estate transactions.