An agent who represents only the seller is obligated to disclose to the buyer which of the following?
Why Known material facts about the property's condition Is Correct
Answer C: Known material facts about the property's condition
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.
Key Agency Terms in This Question
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
- Which of the following is a fiduciary duty owed by a California listing broker to the seller?Agency
- Which of the following is NOT a fiduciary duty owed by an agent to a client?Agency
- What is the primary fiduciary duty that requires an agent to always act in the client's best interest?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.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
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 →