A listing agent who learns the seller is in financial distress must:
Why Keep this information confidential from all buyers Is Correct
Answer A: Keep this information confidential from all buyers
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
People Also Study
Related California Questions
- Which fiduciary duty requires an agent to keep the principal's confidential information secret even after the agency relationship ends?Agency
- A seller's agent learns that the seller is in financial distress and must sell quickly. What must the agent do with this information?Agency
- An agent who secretly purchases a listing from their own seller without disclosure has violated which fiduciary duty?Agency
- Which of the following is NOT a fiduciary duty an agent owes to their principal?Agency
Key Terms to Know
The 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.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Study This Topic
Practice More California Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free California Quiz →