Agency
A seller's agent learns the buyer is willing to pay significantly more than their offer. The agent should:
ATell the seller about the buyer's higher willingness to pay✓ Correct
BKeep this information confidential—it is the buyer's agent's confidential information, not the seller's agent's
CAdvise the buyer to increase the offer
DReport this to the Connecticut Real Estate Commission
Explanation
A seller's agent owes fiduciary duties to the seller, including disclosure of information that could benefit the seller's negotiating position—such as the buyer's disclosed willingness to pay more. This information should be shared with the seller.
Related Connecticut Agency Questions
- In a Connecticut buyer agency agreement, the broker owes which fiduciary duties to the buyer?
- 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 seller's agent who discovers that the buyer has a hidden disability should:
- An agent who continues to represent a client after the listing agreement has expired is acting:
- A Connecticut agent who represents neither party and simply facilitates the transaction is acting as a(n):
- The principal reason Connecticut requires written buyer agency agreements is to:
- In Connecticut, the term 'implied agency' refers to an agency relationship that arises:
- A Connecticut real estate licensee must present the 'Working With a Real Estate Broker' disclosure to a prospective buyer or seller:
Practice More Connecticut Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Connecticut Quiz →