Agency
A buyer's agent has a duty of disclosure. Which of the following must the buyer's agent disclose to the buyer?
AThe seller's motivation for selling, if known
BAll material facts that affect the property's value or desirability✓ Correct
CThe agent's commission split with the listing broker
DThe seller's minimum acceptable price
Explanation
A buyer's agent has an affirmative duty to disclose all known material facts affecting the property's value or desirability. However, disclosing the seller's confidential information (like minimum price) would be a breach of the seller's confidentiality if acting as dual agent.
Related California Agency Questions
- When a listing expires, which of the following is still required of the agent?
- Under California law, which document is used to confirm the agency relationship in a residential real estate transaction?
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