Under New Jersey law, a licensee acting as a seller's agent owes fiduciary duties to the seller. Which of the following is NOT a fiduciary duty owed by a New Jersey seller's agent to the seller client?
Correct Answer
D) Full disclosure of all material facts about the property to the buyer
Full disclosure of all material facts about the property to the buyer is NOT a fiduciary duty owed by the seller's agent to the seller. It is actually the opposite—the seller's agent owes the buyer the duty to disclose known material defects under New Jersey law (including the Residential Property Condition Disclosure Act), but this is a statutory obligation to a third party, not a fiduciary duty owed to the seller client. The fiduciary duties owed to the seller include loyalty, confidentiality, obedience, disclosure (to the seller), reasonable care, and accounting.
Why This Is the Correct Answer
Why the Other Options Are Wrong
Deep Analysis of This Agency Question
Background Knowledge for Agency
Real World Application in Agency
Common Mistakes to Avoid on Agency Questions
Related Topics & Key Terms
Key Terms:
Related Concepts
The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.
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.
More Agency Questions
Under agency law in Nevada, dual agency is:
Under South Dakota license law, which type of agency relationship exists when a broker represents only the seller in a real estate transaction?
Oregon broker Olivia is working with buyer couple Derek and Sarah. During their first meeting, Derek and Sarah ask Olivia who she represents in the transaction. Under Oregon law, when is Olivia required to provide a written agency disclosure to Derek and Sarah?
Missouri continuing education (CE) requirements for license renewal include:
Kentucky requires how many hours of pre-license education?
- → How is implied agency most commonly created?
- → Under current Illinois agency law, which of the following statements is NOT accurate?
- → Information about the lowest price a seller will accept is:
- → New Jersey continuing education requirements include:
- → Virginia continuing education requirements for salespersons include:
- → Kansas recognizes which agency relationships?
- → An exam-prep coach in Mooresville is sorting out a file issue involving WWREA at first substantial contact. Which statement best applies under current North Carolina law?
- → Maryland real estate licensees are regulated by the:
- → NM listing agreements must include:
- → Broker Jameson operates a large brokerage in Flint, Michigan. He has established a designated agency policy in his office. Salesperson Keisha represents buyer Donna, and salesperson Liam represents seller Frank, on the same property transaction. Broker Jameson is not personally involved in showing the property or drafting the offer. Which statement BEST describes Jameson's agency status in this transaction under Michigan law?
People Also Study
Buyer Representation Agreement
8% of exam
Property Ownership
10% of exam
Land Use Controls and Regulations
8% of exam
Valuation and Market Analysis
10% of exam
Related Articles
Real Estate Exam Practice Questions by Topic (2026): Free Sets for Contracts, Agency, Financing
Get topic-based real estate exam practice sets and a simple sequence to move from learning to timed mocks.
Real Estate Exam Topics (2026): High-Yield Areas + Common Traps (Contracts, Agency, Financing, Fair Housing)
Learn the highest-frequency real estate exam topics and the traps that cause most wrong answers—plus how to study them.
Real Estate Exam Agency & Fiduciary Duties (2026): Scenarios + Practice Questions
Master agency relationships and fiduciary duties using scenario patterns and practice questions built for exam wording.