A buyer's agent recommends three properties. One is listed by the agent's own brokerage. Before showing that property, what should the buyer's agent disclose?
Correct Answer
C) That the property is listed by the agent's own brokerage, creating a potential conflict
When an in-house listing is involved, the buyer's agent should disclose the potential conflict of interest so the buyer can make an informed decision.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.
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A listing agreement creates an agency relationship between:
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