AgencyIntermediateDelaware Exam
A buyer's agent in Delaware who learns their client has criminal background issues that might cause the seller to reject their offer must:
ADisclose the information to the seller immediately
BKeep the information confidential and not disclose it without the buyer's permissionCorrect
CWithdraw from the transaction
DNotify the Commission before proceeding
Why Keep the information confidential and not disclose it without the buyer's permission Is Correct
Answer B: Keep the information confidential and not disclose it without the buyer's permission
A buyer's agent owes the duty of confidentiality to their buyer-client. Information about the client's personal background that is not a material fact about the property should be kept confidential.
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
Related Delaware Agency Questions
- In Delaware, what is the 'material fact' disclosure requirement for agents?Agency
- What is the 'economic life' of a building and why does it matter in real estate?Agency
- Under Delaware's agency disclosure requirements, what must the disclosure form contain?Agency
- Delaware's Seller Agent Disclosure requires that the listing agent provide the seller with written disclosure of agency:Agency
- What is a 'comparative market analysis' (CMA) and when should it be updated in Delaware?Agency
- What is a 'listing agent' also called in Delaware real estate practice?Agency
- What is a 'short sale' and what agency obligations does it create for Delaware agents?Agency
- What is an 'open listing' in Delaware real estate?Agency
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →