Under New Jersey agency regulations, which of the following actions is a dual agent permitted to take without violating the duties owed to either party?
Correct Answer
B) Recommend a specific offer price to the buyer based on comparable sales data from the MLS
A dual agent in New Jersey may provide objective, factual information to either party that does not involve using one party's confidential information against the other. Recommending an offer price based on publicly available MLS comparable sales data is a neutral, factual service that assists the buyer without harming the seller. This type of market-based guidance is permissible because it relies on objective data rather than confidential client information.
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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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