Agency
In Florida, an agent who 'volunteers false information' to induce a principal to enter a transaction commits:
APuffing
BFraudulent misrepresentation✓ Correct
CInnocent misrepresentation
DBreach of the duty of obedience
Explanation
Voluntarily providing false information with the intent to induce another to act constitutes fraudulent misrepresentation (intentional fraud). This is the most serious type of misrepresentation, subjecting the agent to both civil and criminal liability.
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Key Terms to Know
Fiduciary Duty
The highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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