Agency
An Arizona seller's agent who represents the seller must disclose to the buyer which of the following?
AThe seller's minimum acceptable price
BAll known physical defects and material facts that would affect the buyer's decision✓ Correct
CThe seller's relocation timeline
DWhether the seller has received other offers
Explanation
A seller's agent must disclose known material defects and facts affecting the property's value or habitability to buyers, even while loyally representing the seller's interests. The duty to disclose material facts overrides client confidentiality.
Related Arizona Agency Questions
- Subagency in Arizona occurs when:
- The fiduciary duty of confidentiality in an Arizona agency relationship means the agent must:
- A listing agent who, without authorization, tells the buyer that the seller will accept $20,000 below list price has breached the duty of:
- An Arizona licensee acting as a 'transaction broker' owes which of the following duties?
- A seller's agent who learns that the buyer is desperate to purchase and will pay well above asking price must:
- An agent who discloses the seller's minimum acceptable price to the buyer without authorization has violated which fiduciary duty?
- An implied agency relationship is created when:
- The agency relationship between a broker and client is MOST commonly created by:
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