Agency & LawCâu 26 / 120
A broker who represents the seller in a transaction owes the seller fiduciary duties. The customer (buyer) in that same transaction is owed:
a.The same fiduciary duties as the seller
b.No duties whatsoever
c.Honesty, fair dealing, and disclosure of material defects
d.A duty of undivided loyalty
Giải thích
Even when a broker does not represent the buyer, the law still requires honesty, fair dealing, and disclosure of known material defects to the customer. Full fiduciary duties such as loyalty and confidentiality are owed only to the client.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- In an agency relationship, the client who hires and authorizes a broker to act on their behalf is the:
- Which of the following is NOT one of the traditional fiduciary duties an agent owes to a principal?
- In Texas, before a license holder may substantively discuss a real estate transaction, TREC rules generally require providing the consumer with the:
- An 'intermediary' relationship in Texas arises when:
- For a Texas broker to act as an intermediary between a buyer and seller, the broker must obtain:
- When a broker acts as an intermediary and appoints one associated agent to the buyer and another to the seller, this is commonly called:
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