AgencyIntermediateDelaware Exam
A Delaware listing agent who fails to present a written offer because they personally believe the seller will not accept it has:
AActed appropriately to protect the seller's time
BViolated their fiduciary duty of loyalty and disclosure to the sellerCorrect
CActed in accordance with Commission guidelines
DProtected the buyer's confidentiality
Why Violated their fiduciary duty of loyalty and disclosure to the seller Is Correct
Answer B: Violated their fiduciary duty of loyalty and disclosure to the seller
A listing agent is required to present all written offers to the seller promptly. Deciding which offers to present based on personal opinion violates the fiduciary duty to act in the seller's best interest.
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
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