Agency
A Connecticut buyer's agent negotiates a home inspection repair credit of $8,000 on a $480,000 purchase. The buyer wanted $12,000 in credits. The agent told the buyer: 'This is the best we can do—the seller won't budge.' The buyer later finds out the seller was willing to offer $10,000. The agent may have breached their duty of:
AConfidentiality
BReasonable care and diligence—the agent may have failed to negotiate effectively on behalf of the buyer✓ Correct
CAccounting
DObedience
Explanation
If the agent misled the buyer about the seller's position to close the deal faster, this could constitute a breach of reasonable care and diligence (and potentially loyalty). A buyer's agent must negotiate to the best of their ability and accurately report negotiations to the client.
Related Connecticut Agency Questions
- A Connecticut broker has an in-house policy of always representing both the buyer and seller in transactions handled by the firm. Without proper disclosure and consent, this is:
- A Connecticut licensee's fiduciary duty of 'confidentiality' continues after the agency relationship ends and applies to:
- A Connecticut buyer's agent is working with a buyer who wants to purchase a historic home. The buyer asks the agent for their opinion on the home's compliance with state historic regulations. The agent should:
- A Connecticut listing agent knows the property is in a flood zone. The seller does not mention this on the property disclosure. The listing agent must:
- A Connecticut buyer's agent helps their client during a transaction that ultimately falls through due to the seller's default. The buyer's agent's commission:
- Under Connecticut agency law, which of the following is a fiduciary duty that a buyer's agent owes ONLY to the buyer and not to the seller?
- A Connecticut real estate agent who learns during a showing that a property has been the site of a murder or suicide should:
- A Connecticut seller's agent discovers the property has a wet basement. The seller instructs the agent not to disclose this. The agent's best course of action is to:
Practice More Connecticut Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Connecticut Quiz →