Under Connecticut agency law, which of the following duties does a seller's agent owe to an unrepresented buyer who is a customer (not a client)?
Correct Answer
D) Honest dealing and disclosure of known material facts about the property
A seller's agent owes fiduciary duties—including loyalty, confidentiality, and obedience—exclusively to the seller. However, Connecticut agency law requires that all licensees, regardless of whom they represent, treat all parties with honesty and disclose known material facts about the property to any party, including unrepresented buyers who are customers. This is a baseline duty owed to customers, not a fiduciary duty.
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Related Topics & Key Terms
Key Terms:
Related Concepts
In real estate, a client is someone to whom the agent owes fiduciary duties through an agency relationship, while a customer is a third party to whom the agent owes only honesty and fair dealing.
An arrangement where a brokerage assigns separate agents within the firm to represent the buyer and seller in the same transaction, allowing each client to have dedicated representation.
A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.
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