A listing agent notices obvious water staining and a sagging ceiling but says nothing because the seller does not want the issue mentioned. Which duty is most relevant to the agent's conduct?
Correct Answer
A) Agent's duty of reasonably competent visual observation
Agent's duty of reasonably competent visual observation is correct because the facts match the obligation in many transactions for a licensee to disclose observable adverse conditions and known material facts rather than ignore them. 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
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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A listing agreement creates an agency relationship between:
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