Agency
A Connecticut buyer's agent has a client who wants to buy a property that the agent personally owns. What is required?
AThe agent may sell to their buyer client without any additional disclosure
BThe agent must disclose their ownership interest to the buyer in writing before entering into any purchase agreement✓ Correct
CThe agent must refer the buyer to another agent
DThe agent must sell the property at fair market value or below
Explanation
When an agent has a personal interest in a transaction—such as selling their own property to a client—they must disclose this conflict of interest in writing. The buyer must give informed consent to proceed with the transaction.
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