Agency
An agent in Connecticut who represents the buyer has a duty to inform the buyer of:
AOnly physical defects visible to the naked eye
BAll known facts that materially affect the value or desirability of the property✓ Correct
CThe seller's personal financial situation
DOnly information found in the MLS listing
Explanation
A buyer's agent has a duty to disclose all known material facts—including property defects, neighborhood issues, pricing trends, or other information—that could affect the buyer's decision to purchase.
Related Connecticut Agency Questions
- A real estate licensee in Connecticut who represents a buyer in a cooperative (co-op) transaction owes the same fiduciary duties as in any other transaction. This is because:
- In Connecticut, when a real estate broker represents a buyer in a transaction, the broker is acting as:
- The Connecticut statute requiring agency disclosure to be made 'at or before the first substantive contact' ensures that consumers:
- A Connecticut real estate licensee must present the 'Working With a Real Estate Broker' disclosure to a prospective buyer or seller:
- Under Connecticut law, a 'buyer's agent' cannot also act as the seller's agent in the same transaction UNLESS:
- If a seller instructs their Connecticut agent to keep the listing price confidential and not post it publicly, the agent must:
- Which of the following would automatically terminate an agency relationship in Connecticut?
- Under Connecticut agency law, a licensee who provides real estate services to a customer (non-client) owes:
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