Agency & LawPregunta 32 de 120
A seller instructs the listing agent to conceal a known foundation problem from prospective buyers. The agent should:
a.Follow the instruction because of the duty of obedience
b.Disclose the problem only to buyers who ask directly
c.Cancel the listing and tell no one
d.Refuse, because the duty of obedience does not extend to unlawful acts
Explicación
The duty of obedience applies only to lawful instructions; an agent may not follow directions to commit fraud or conceal material defects. Knowingly hiding a known material defect can expose both the agent and seller to liability.
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- An 'intermediary' relationship in Texas arises when:
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- When a broker acts as an intermediary and appoints one associated agent to the buyer and another to the seller, this is commonly called:
- Confidential information the agent learns about the principal, such as the seller's willingness to accept less than list price, must generally be:
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