Agency
In Idaho, an agent representing a buyer must disclose to the seller which of the following?
AThe maximum price the buyer is willing to pay
BAny adverse material facts about the transaction or the buyer's ability to perform that the agent knows✓ Correct
CThe buyer's personal financial details
DThe buyer's motivation for purchasing
Explanation
Even while representing the buyer, an Idaho agent must disclose adverse material facts about the transaction — such as if the buyer has no intent to close, or facts that would affect the seller's decision — to the seller.
Related Idaho Agency Questions
- In Idaho, an agent who discovers a property defect after representing to the buyer that the property is defect-free must:
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- Which of the following BEST describes a subagent?
- In Idaho, 'subagency' occurs when:
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