A Texas real estate agent must disclose to all parties:
Question & Answer
Review the question and all answer choices
The seller's minimum acceptable price
The seller's minimum acceptable price is confidential information that belongs to the seller. Disclosing it would breach the agent's fiduciary duty to their client and could harm the seller's negotiating position.
Material facts about the property
The buyer's maximum budget
The buyer's maximum budget is confidential information protected by the agency relationship between the buyer and their agent. Disclosing this information would violate the buyer's privacy and weaken their negotiating position.
Other offers received
Other offers received are confidential information belonging to the offering parties. Disclosing this information would breach fiduciary duties and potentially create legal liability for the agent and brokerage.
Why is this correct?
Material facts about the property must be disclosed to all parties because they affect property value and are considered public information that impacts transaction fairness. This disclosure requirement exists regardless of agency relationships and is a foundational ethical and legal obligation in real estate.
Continue Learning
Explore this topic in different formats
More Agency Law Videos
Continue learning with related video lessons
Ohio's continuing education requirement for license renewal is:
2:14 • 0 views
Ohio real estate licensees are regulated by the:
2:51 • 0 views
A seller's agent in Texas owes which duty to buyers?
2:47 • 0 views
South Dakota requires how many hours of pre-license education?
3:19 • 0 views
Which Illinois agency fiduciary duty survives beyond the end of an agency relationship?
2:17 • 0 views
Ready to Ace Your Real Estate Exam?
Access 2,000+ free video lessons covering all 11 exam topics.