Agency
A buyer's agent who fails to disclose known material defects to their buyer client has breached the fiduciary duty of:
AAccounting
BObedience
CLoyalty and disclosure✓ Correct
DSubagency
Explanation
Failing to disclose known material defects to a buyer client breaches both loyalty (prioritizing the client's interests) and disclosure (revealing all relevant facts). This can also expose the agent to civil liability.
Related Arkansas Agency Questions
- Which of the following best describes ratification as a method of creating an agency?
- When a buyer's agent presents multiple offers to a seller's agent, the seller's agent should:
- A buyer's agent is showing homes to a buyer who has told the agent they are being transferred and must move in 60 days. When negotiating, the agent should:
- An agent's authority to bind the principal in contract is called:
- A buyer is shown a home by the listing agent. Later the buyer returns and asks the listing agent to help write an offer. The listing agent should:
- Which type of listing agreement is generally considered most advantageous to the listing broker?
- An agent who represents a buyer and collects a fee from both the buyer and the seller must:
- In Arkansas, what must occur before a broker can represent both the buyer and seller in the same transaction?
Practice More Arkansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arkansas Quiz →