Under New Hampshire's agency disclosure law (RSA 331-A:25-b), which of the following is a duty that a seller's agent owes to the seller? Select the answer that does NOT belong to the seller's agent's duties.
Correct Answer
C) Advising the buyer on how to structure an offer to obtain the best possible price
Advising the buyer on how to structure an offer to obtain the best possible price is NOT a duty of a seller's agent — it is the opposite of the seller's agent's role. A seller's agent owes fiduciary duties exclusively to the seller, which means the agent must promote the seller's interests in negotiations, not help the buyer obtain a lower price. Advising the buyer in this way would be a direct breach of the seller's agent's fiduciary duty to the seller.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
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