Agent Lopez represents seller Garcia as a single agent. During negotiations, Lopez learns that the buyer is being transferred by his company and must close within 30 days or lose the opportunity. Garcia's property has been on the market for 8 months. How should Lopez use this information?
Correct Answer
D) Tell Garcia about the buyer's timeline pressure
As Garcia's single agent, Lopez must share all material information that could benefit his client's negotiating position, including the buyer's time constraints. This allows Garcia to make informed decisions. Option A incorrectly suggests neutrality in a single agent relationship. Options B and C are conclusions rather than facts, and Lopez should provide information, not specific negotiating advice.
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More Authorized Relationships Disclosures Questions
Consent to transition from single agent to transaction broker in Florida must be:
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Broker Chen represents buyer Park as a single agent. Park finds a property he likes, but Chen discovers the property has a lien that the seller hasn't disclosed. The seller's agent is unaware of the lien. What should Chen do?
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When a Florida real estate licensee acts as a single agent, the licensee's primary obligation is to: