Under California law, the duty of confidentiality requires a listing agent to keep all of the following information about the seller confidential EXCEPT:
Correct Answer
C) Known material defects in the property
Known material defects in the property are NOT protected by the duty of confidentiality. Under California Civil Code §1102 and §2079, the agent has a legal obligation to disclose known material defects to the buyer, regardless of the seller's wishes. The duty of disclosure overrides confidentiality when it comes to material property defects.
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Under California law, a real estate agent's duty of 'obedience' to the principal means:
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A California listing agent wishes to purchase the property they are currently representing as the seller's agent. Under California Business and Professions Code §10176(a), what must the agent do before proceeding with the purchase?