In a Peoria transaction review, a buyer asks the listing side directly whether the home has had prior drainage problems, and the broker knows there was a major issue. What is the most accurate response?
Correct Answer
D) the seller's agent should not answer buyer questions with concealment or half-truths when the broker knows the fact is material
Under Hill v. Jones; A.A.C. R4-28-1101, the seller's agent should not answer buyer questions with concealment or half-truths when the broker knows the fact is material.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.
The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.
The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.
More Az Agency Disclosures Questions
While reviewing a transaction in Mohave County, a designated broker claims there is no need to supervise listing agents' disclosure or advertising practices because each salesperson is independent. Which statement is most accurate under current Arizona rules?
At a brokerage meeting in Buckeye, a seller asks the listing broker for pricing advice and market strategy before putting the home on the market. Which outcome best matches current Arizona practice?
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- → Under the current AAR Buyer-Broker Exclusive Employment Agreement, under the current AAR Consent to Limited Representation, in a Gilbert transaction review, under current Arizona rules, each of the following statements about agency types az is generally accurate EXCEPT.
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- → In a licensing seminar in Tempe, cactus Peak Realty represents only the seller in a transaction and no one at the brokerage represents the buyer as a client. What is the most accurate response?
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- → In a licensing seminar in Tucson, mia signed a buyer-broker agreement and asks whether the broker may still favor the listing broker's interests when advising on offer price. What is the most accurate response?
- → During an Arizona file audit in Pima County, julian signed a buyer-broker agreement and asks whether the broker may still favor the listing broker's interests when advising on offer price. Which statement should the broker communicate?
- → At a brokerage meeting in Tempe, Under current Arizona rules, which statement best describes termination of agency?
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