Which Maine agency/brokerage rule applies when a buyer agent communicates with the seller while representing a buyer client?
Correct Answer
C) The buyer agent must treat sellers honestly and may not knowingly give false information, including material facts about the buyer’s financial ability to perform
Title 32 section 13274 requires a buyer agent to treat prospective sellers honestly and not knowingly provide false information, including material facts about the buyer financial ability to perform. Source basis: Maine Revised Statutes Title 32, section 13274, checked 2026-04-30: a buyer agent must perform the brokerage agreement, promote the buyer interests, present offers timely, disclose material facts to the buyer, account for money/property, preserve buyer confidential information, and treat sellers honestly.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
The fiduciary obligation to protect a client's private information and not disclose it to third parties without permission, surviving even after the agency relationship ends.
In real estate, a client is someone to whom the agent owes fiduciary duties through an agency relationship, while a customer is a third party to whom the agent owes only honesty and fair dealing.
An arrangement where a brokerage assigns separate agents within the firm to represent the buyer and seller in the same transaction, allowing each client to have dedicated representation.
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