AgencyMEDIUM
An agent needs to disclose a conflict of interest to the affected parties when a principal or service provider in the transaction is the agent’s:
Correct Answer
B) employee or fellow employee.
Agents must disclose conflicts when they have a personal or financial interest in the transaction.
Answer Options
A
relative or relative of a fellow employee.B
employee or fellow employee.C
brother or sister.D
Any of the above.Video Explanation3 min
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Related Topics & Key Terms
Related Topics:
agency-disclosure-requirementsfiduciary-duties-in-real-estateconflict-of-interest-disclosure
Key Terms:
conflict of interest disclosureCalifornia Business and Professions Codefiduciary duty of loyaltyfellow employee disclosureCalifornia DRE
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