Lisa is a buyer's agent in New York representing first-time homebuyer Tom. Tom asks Lisa whether he should have the property inspected before closing. Under New York law, how should Lisa respond?
Correct Answer
C) Strongly recommend a professional inspection and explain its importance to Tom
A buyer's agent in New York has a duty to provide competent service and protect their client's interests. Recommending a professional property inspection is within the agent's expertise and is a standard protective measure that serves the buyer's best interests.
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While showing a property, the listing agent voluntarily tells a buyer's agent that the seller is going through a divorce and must sell quickly. Under New York agency law, what is the buyer's agent's obligation regarding this information?
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A buyer's agent in New York is representing a Hispanic client who wants to pursue a co-op apartment in a building with a history of subjective board rejections. The client expresses concern about potential discrimination. Which of the following best describes the agent's primary duty under New York law?