A seller tells their listing agent: 'Do not tell any buyer that we are divorcing and need to sell quickly.' The agent SHOULD:
Why Keep this information confidential, as it is a personal matter that is not a physical defect Is Correct
Answer B: Keep this information confidential, as it is a personal matter that is not a physical defect
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
People Also Study
Related Arizona Questions
- A listing agent who, without authorization, tells the buyer that the seller will accept $20,000 below list price has breached the duty of:Agency
- An Arizona agent representing a buyer discovers a material defect in a property that the seller has not disclosed. The agent must:Agency
- An Arizona listing agent discovers a material defect in the property that the seller forgot to disclose. The agent should:Agency
- An Arizona seller tells their listing agent they will accept $380,000, though the property is listed at $399,000. The agent must:Agency
- An Arizona seller who is transferred out of state and must sell their home quickly may accept a below-market offer. This situation is called a:Contracts
Key Terms to Know
A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Study This Topic
Practice More Arizona Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free Arizona Quiz →