A client asks the agent to stop advertising the property for one week while family members visit. Assuming the instruction is legal, how is that direction best described?
Correct Answer
C) Lawful instruction
Lawful instruction is correct because the facts match an instruction a fiduciary agent must obey because it does not require illegal or unethical conduct. That is the best description of the relationship, right, or legal concept tested here.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.
The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.
The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.
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- → A property manager discovers that a rental unit has a significant mold problem. The manager repairs the visible mold but does not inform the property owner about the extent of the damage or the potential liability. Has the property manager violated any agency duty?
- → The minimum requirement for real estate professional advertising is:
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Without telling the client, an agent accepts a bonus from a contractor for steering the client to that contractor. What fiduciary problem does this describe?
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