Under Tennessee's Agency Relationships in Real Estate Transactions Act, which of the following is NOT a required duty of a Tennessee buyer's agent toward their buyer client?
Correct Answer
D) Disclosing the seller's minimum acceptable price to the buyer
Disclosing the seller's minimum acceptable price to the buyer is NOT a required duty of a buyer's agent under Tennessee law—it is actually prohibited conduct. A buyer's agent does not have access to the seller's confidential information, and if they did obtain it, disclosing it would violate the seller's rights. The buyer's agent's duties are to their own client, not to extract confidential information from the opposing party.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
A non-agency relationship where the broker facilitates a real estate transaction without representing either party, owing limited duties of honesty, fairness, and competence to both.
The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.
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