Which of the following BEST describes a buyer's agent's duty regarding the purchase price?
Why Help the buyer negotiate the most favorable terms possible consistent with their objectives Is Correct
Answer B: Help the buyer negotiate the most favorable terms possible consistent with their objectives
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
People Also Study
Related Delaware Questions
- Which fiduciary duty obligates an agent to promptly deliver all offers and information relevant to the transaction?Agency
- Which of the following is an example of a 'ministerial act' a Delaware licensee may perform without creating an agency relationship?Agency
- Delaware's Seller Agent Disclosure requires that the listing agent provide the seller with written disclosure of agency:Agency
- In a designated agency arrangement in Delaware, two licensees from the same firm each represent one party. The broker:Agency
- A month-to-month tenancy in Delaware can be terminated by either party with how much written notice?Property Management
- What additional education must a Delaware salesperson complete to become a broker?Delaware License Law
- An addendum to a real estate purchase contract:Contracts
- A contingency clause in a purchase agreement:Contracts
Key Terms to Know
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Study This Topic
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →