Agency
The duty of reasonable care in real estate agency means the agent should:
ABe an expert on all aspects of real estate
BExercise the degree of care, skill, and diligence expected of a competent real estate professional✓ Correct
CGuarantee the outcome of every transaction
DAlways recommend inspections even when not needed
Explanation
The duty of reasonable care requires agents to apply the knowledge, skills, and diligence of a competent real estate professional. Agents are not guarantors of outcomes but must avoid negligence in representing their clients.
Related Arkansas Agency Questions
- An agent's fiduciary duty of LOYALTY means the agent must:
- In an in-house transaction where the same brokerage represents both buyer and seller, the broker may avoid dual agency by using:
- An agent who tells a buyer that a neighborhood is 'up and coming' and a great investment, without factual basis, may be guilty of:
- A seller's agent represents the seller but has no client relationship with the buyer. What duties does the agent owe to the buyer?
- A listing expires and the seller relists with a different broker. The original broker hears the new listing sold and feels they deserve a commission because they introduced the buyer during their listing period. Which doctrine might support their claim?
- The duty of obedience in an agency relationship requires the agent to:
- Which of the following would MOST likely terminate an agency relationship?
- A seller's agent who fails to disclose that the subject property is in a flood zone to a buyer may be liable for:
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