Agency
An agent who misrepresents property square footage in the MLS is guilty of:
APuffing
BMisrepresentation of a material fact✓ Correct
CDual agency
DNegligent disclosure
Explanation
Square footage is a material fact that affects a property's value and buyer's decisions. Misrepresenting it in the MLS — whether intentionally or negligently — constitutes misrepresentation of a material fact, a serious license law violation.
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Key Terms to Know
Dual Agency
A situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate 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.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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