Using the current Arizona SPDS, at Red Rock Desert Properties in Scottsdale, a seller's agent asks whether loyalty to the seller allows the agent to lie to the buyer about known facts that could affect value. Each of the following statements about seller agent az is generally true in Arizona EXCEPT.
Correct Answer
C) seller loyalty authorizes lies that improve negotiating leverage under current Arizona law
This is the exception. Under A.A.C. R4-28-1101; A.R.S. § 32-2153; ADRE supervision materials; Hill v. Jones; A.A.C. R4-28-1101; current AAR SPDS; Arizona disclosure practice, Arizona does not treat the issue this way. Instead, loyalty to the seller does not excuse dishonesty or unfair dealing toward the buyer.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A legal relationship in which one person (the agent) is authorized to act on behalf of another person (the principal) in business transactions with third parties.
The legal ending of an agency relationship, which can occur through completion, expiration, mutual agreement, breach, death, incapacity, or bankruptcy of either party.
The fiduciary obligation to protect a client's private information and not disclose it to third parties without permission, surviving even after the agency relationship ends.
More Az Agency Disclosures Questions
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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?
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