Under California law, a listing agent's duty to disclose material facts to the buyer includes all of the following EXCEPT:
Correct Answer
D) The seller's personal reasons for selling (such as divorce or financial hardship)
The seller's personal reasons for selling (such as divorce, financial hardship, or relocation) are confidential information that the listing agent must NOT disclose to the buyer. This information falls under the agent's duty of confidentiality to the seller and could weaken the seller's negotiating position if disclosed.
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More Laws Of Agency Fiduciary Duties Questions
A broker repeats information they received from their seller to a potential buyer. On finding the information is false, the broker is to:
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- → What are the three steps of the agency disclosure in proper chronological order?
- → A disclosure which warns a buyer they may be liable for additional tax obligations after the close of escrow is the:
- → Listing broker learns prospective buyer owes delinquent child support. Which duty requires disclosure to seller?
- → A broker who fails to promptly disclose their dual agency status is subject to:
- → When a dual agency is established in a targeted sales transaction, the broker and their agents may not pass on any information from one party to the other relating to:
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Under California law, which of the following most accurately describes the legal nature of the relationship between a real estate agent and their client?
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A buyer asks their California real estate agent to submit a purchase offer in the agent's own name to keep the buyer's identity hidden from the seller. Which statement best describes the agent's obligations under this arrangement?